Office of the Comptroller of the Currency, Ensuring a safe and sound national banking system for all Americans Site Map | Text Size: S M L

Return to Publications Library
See Past Issues
Contents
BankNet

BankNet
More resources for national banks

HelpWithMyBank.gov

HelpWithMyBank.gov

Get answers to banking questions

Job Seekers

Job Seekers
Join one of the best places to work

New Payment Plans Relative to Seriously Delinquent Mortgages

Third Quarter 2008

New payment plans as a percentage of seriously delinquent loans decreased during the third quarter for all loan categories, except “other.” New payment plans as a percentage of seriously delinquent loans were consistently lowest for prime loans and highest for subprime and “other” loans.13

New Payment Plans (% of seriously delinquent)
 First QuarterSecond QuarterThird Quarter
Prime10.56%9.89%9.71%
Alt-A15.16%15.08%13.93%
Subprime16.53%16.15%15.25%
Other16.62%15.82%16.62%
Overall14.71%14.09%13.48%

 New Payment Plans (% of seriously delinquent) 


 13 The percentage relative to serious delinquencies is calculated using weighted averages. The weighted average refers to the average monthly outstanding number of seriously delinquent mortgages over the three months of a quarter.


< previous | next >