OCC and OTS Mortgage Metrics Report
Fourth Quarter 2008
PART I: Mortgage Performance
This part of the report describes, in various ways, the credit performance of mortgages in the portfolio, that is, on an overall portfolio basis, of government guaranteed mortgages, by risk category of loan, and by first payment default.
Overall Mortgage Portfolio
The size of the combined national bank and thrift servicing portfolio increased slightly during the fourth quarter, ending the period with nearly 34.7 million loans totaling more than $6.1 trillion. The portfolio composition remained stable at about 67 percent prime, 10 percent Alt-A, 9 percent subprime, and 14 percent "other."
| Overall Mortgage Portfolio |
| |
First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter |
Total servicing
(Dollars in Millions) |
$6,079,356 |
$6,123,392 |
$6,116,550 |
$6,123,770 |
Total servicing
(Number of Loans) |
34,610,694 |
34,749,007 |
34,640,765 |
34,696,618 |
| Composition (Percent of All Mortgage Loans in the Portfolio)* |
| Prime |
66% |
66% |
67% |
67% |
| Alt-A |
10% |
10% |
10% |
10% |
| Subprime |
9% |
9% |
9% |
9% |
| Other |
15% |
14% |
14% |
14% |
| Composition (Number of Loans in Each Risk Category of the Portfolio) |
| Prime |
22,706,884 |
23,097,175 |
23,061,521 |
23,097,770 |
| Alt-A |
3,575,785 |
3,598,311 |
3,578,284 |
3,577,000 |
| Subprime |
3,109,720 |
3,097,981 |
3,066,208 |
3,036,727 |
| Other |
5,218,305 |
4,955,540 |
4,934,752 |
4,985,121 |
*Percentages may not add to 100 due to rounding
|
