Appendix A—New Loan Modifications

Fourth Quarter 2008

Appendix A—New Loan Modifications

New loan modifications increased by more than 4.3 percent from the third to the fourth quarter. New loan modifications were 40 percent of total home retention actions in the fourth quarter compared with 43 percent in the third quarter.

Subprime loans had the highest volume of new loan modifications during the fourth quarter at 51,773, or 43 percent of all new modifications, while constituting 9 percent of the total servicing portfolio.

Prime loans had 29,147 new loan modifications, or 24 percent of all new loan modifications during the fourth quarter, while constituting 67 percent of the total servicing portfolio.

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