30+ Re-Default Rates by Loan Category

Third Quarter 2008

Measured in terms of delinquencies exceeding 30 days, prime loans had the lowest re-default rates at 23.7 percent three months after the modification and 38.5 percent after six months. Subprime and “other” mortgages had the highest re-default rates.

First Quarter 2008 Loans by Loan Category
	Three Months After Modification (30+ Days Delinquent)	Six Months After Modification (30+ Days Delinquent)
Prime	23.67%	38.50%
Alt-A	36.28%	53.15%
Subprime	42.91%	61.29%
Other	44.10%	60.96%

% of Modified Loans 30+ Days Delinquent (% of loans in each category modified in each quarter)

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