OCC: Mortgage Performance

Mortgage Performance

First Quarter 2009

Part I describes the performance of mortgages in the portfolio in a variety of ways—on an overall portfolio basis, by government-guaranteed mortgages, by loans serviced for the GSEs, and by risk category of loan.

Overall Mortgage Portfolio

The size of the combined national bank and thrift servicing portfolio decreased slightly during the first quarter of 2009, ending the period with just more than 34 million loans totaling about $6 trillion in unpaid principal balances. The portfolio included 67 percent prime, 10 percent Alt-A, 8 percent subprime, and 14 percent other loans.

Overall Mortgage Portfolio
	3/31/2008	6/30/2008	9/30/2008	12/31/2008	3/31/2009
Total Servicing (Dollars in Millions)	$6,062,575	$6,105,519	$6,098,766	$6,106,368	$6,002,560
Total Servicing (Number of Loans)	34,470,175	34,599,881	34,491,229	34,549,215	34,037,912
Composition (Percent of All Mortgage Loans in the Portfolio)¹¹
Prime	66%	66%	66%	66%	67%
Alt-A	10%	10%	10%	10%	10%
Subprime	9%	9%	9%	9%	8%
Other	15%	14%	14%	14%	14%
Composition (Number of Loans in Each Risk Category of the Portfolio)
Prime	22,578,914	22,961,297	22,925,217	22,963,412	22,829,365
Alt-A	3,565,993	3,587,910	3,567,861	3,566,709	3,510,201
Subprime	3,106,995	3,095,164	3,063,429	3,034,004	2,878,896
Other	5,218,273	4,955,510	4,934,722	4,985,090	4,819,450

Portfolio Comparison (Percent of All Mortgage Loans in the Portfolio) First Quarter 2009

¹¹ Percentages may not add to 100 percent due to rounding.

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Mortgage Performance

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