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New Loan Modifications

The number of new loan modifications decreased from November to December, then increased steadily from December through March.

The largest number of new loan modifications each month was in subprime mortgages, with more than twice that of any other category.

Prime mortgages consistently had the lowest number of new loan modifications among the defined loan categories.

 

New Loan ModificationsNov-07Dec-07Jan-08Feb-08Mar-08
Composition

 

 

 

 

 

Prime

1,331

1,157

1,493

1,635

2,397

Alt-A

1,700

1,492

1,997

2,274

2,873

Subprime

4,125

3,683

4,956

5,655

6,297

Other

1,732

1,523

1,965

2,221

2,019

Overall

8,888

7,855

10,411

11,785

13,586

  New Modifications  


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