OCC: Short Sales and Deed-in-Lieu-of-Foreclosure Actions Relative to Seriously Delinquent Mortgages

Short Sales and Deed-in-Lieu-of-Foreclosure Actions Relative to Seriously Delinquent Mortgages

Third Quarter 2008

Seriously delinquent prime loans had the most new short sales and deed-in-lieu-of-foreclosure actions in the third quarter, reflecting both a greater number of actions and the lowest rate of serious delinquencies.¹⁴

Seriously delinquent subprime loans had the fewest new short sales and deed-in-lieu-of-foreclosure actions in the third quarter.

Short Sales and Deed–in-Lieu-of-Foreclosure Actions (% of seriously delinquent)
	First Quarter	Second Quarter	Third Quarter
Prime	1.16%	1.42%	1.83%
Alt-A	0.85%	0.96%	1.12%
Subprime	0.52%	0.57%	0.65%
Other	0.45%	0.71%	1.01%
Overall	0.74%	0.91%	1.23%

Short Sales and Deed-in-Lieu-of-Foreclosure Actions (% of seriously delinquent)

¹⁴ 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.

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Short Sales and Deed-in-Lieu-of-Foreclosure Actions Relative to Seriously Delinquent Mortgages

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