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Appendix B—New Payment Plans

Fourth Quarter 2008

New payment plans totaled 180,152 during the fourth quarter, a 16 percent increase from the third quarter. New payment plans constituted nearly 60 percent of all home retention actions in the fourth quarter and remain a predominant home retention action.

Subprime loans constituted 38 percent of all new payment plans in the fourth quarter, despite constituting only 9 percent of all loans in the servicing portfolio.

Prime loans constituted almost 25 percent of all new payment plans in the fourth quarter, and 67 percent of all loans in the servicing portfolio.

Number of New Payment Plans
 First QuarterSecond QuarterThird QuarterFourth Quarter
Prime25,37225,03234,05844,573
Alt-A28,12126,82532,79837,981
Subprime56,31348,91960,04868,459
Other24,81824,17027,74529,139
Total134,624124,946154,649180,152

   Number of New Payment Plans 


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