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Newly Initiated Home Retention Actions Relative to Newly Initiated Foreclosures

Fourth Quarter 2008

The following data show newly initiated home retention actions as a percentage of newly initiated foreclosures during the quarter. For any given risk category, a percentage exceeding 100 percent means newly initiated home retention actions exceeded newly initiated foreclosures.

The number of newly initiated home retention actions exceeded the number of newly initiated foreclosures during the quarter for all risk categories except prime borrowers. The percentage of newly initiated home retention actions relative to newly initiated foreclosures increased for all risk categories from the third to the fourth quarter.

Newly Initiated Home Retention Actions (Percent of Newly Initiated Foreclosures)
 First QuarterSecond QuarterThird QuarterFourth Quarter
Prime39.13%44.21%51.36%67.40%
Alt-A72.44%92.72%103.83%122.04%
Subprime116.43%150.75%149.04%176.17%
Other91.98%114.27%124.55%133.60%
Overall74.54%89.86%96.39%114.74%

   Newly Initiated Home Retention Actions (Percent of Newly Initiated Foreclosures) 


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