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Subprime & Alt-A Mortgage Statistics

Mortgage Daily

Published On: December 20, 2018

Last Updated December 20, 2018 7:28 PM Central
Category 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
1996
1995
Nonprime Share of Total Mortgage Originations as of Q4 (TransUnion) 3.6% 3.4% 8.5% as of Q3 8.7% as of Q3 7.80% as of Q1 7.21% 4.98% na na na 12.69% as of Q2 15.97% na na na na na na na na na na na na
Subprime 1st Mortgage Originations # (Equifax) na na 95,200 as of Mar 31 na na na na na na na na na na na na na na na na na na na
Subprime 1st Mortgage Originations $ (Equifax) na na $16.2 billion as of Mar 31 na na na na na na na na na na na na na na na na na na na
Subprime Originations (NHEMA) na na na na na na na na na na na na na na na na na na na na na $268 billion na na
Subprime Originations (Freddie) na na na na na na na na na na na na na $508 billion $415 billion $215 billion $132 billion $105 billion $63 billion $71 billion $99 billion $76 billion $44 billion $24 billion
Subprime Originations (OFHEO) na na na na na na na na na na na na na na na na na na $140 billion $160 billion $150 billion $125 billion na na
Subprime Originations (Oppenheimer) na na na na na na na na na na na $179.0 billion $600.0 billion $625.0 billion $530.0 billion $310.0 billion $185.0 billion $120.0 billion na na na na na na
Subprime Originations Including HELs (SMR Research) na na na na na na na na na na na na na na $733 billion $650 billion na na na na na na na na
Subprime Originations (GAO) na na na na na na na na na na na na $600 billion na na na na na $100 billion na na na na na
Biggest Subprime Originators (MBA)

 

 na na na na na na na na na na na na na na na
1. New Century
2. National City
3. Ameriquest
4. Option One
5. Fremont 

 na na na na na na na na
Subprime Share (GAO)

 

 na na na na na na na na na na na na 34% na na na na na 12% na na na na na
Alt-A Originations 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
1996
1995
Alt-A Originations (UBS)

 

 na na na na na na na na na na na na $203 billion $341 billion $195 billion $93 billion $52 billion $32 billion $14 billion $15 billion $24 billion na na na
Alt-A Originations (GAO) na na na na na na na na na na na na $400 billion na na na na na $25 billion na na na na na
HEL/HELOC Originations 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
1996
1995
Subprime HEL Originations # (Equifax) na na 20,830 as of Mar 31 na na na na na na na na na na na na na na na na na na na
Subprime HEL Originations $ (Equifax) na na $0.455 billion as of Mar 31 na na na na na na na na na na na na na na na na na na na
Subprime HELOC Originations # (Equifax) na na 4,700 as of Mar 31 na na na na na na na na na na na na na na na na na na
Subprime HELOC Originations $ (Equifax) na na $0.170 billion as of Mar 31 na na na na na na na na na na na na na na na na na na
HELOC Originations (approximate – Experian) na na na
na
 na na na na na na na na na na na na na na na na na
HELOC Originations # (TransUnion) na 1.2 million 1.2 million 1.1 million 1.0 million 0.8 million 0.7 million 0.6 million na na na na na 4.9 million na na na na na na na na na na
#HELOCs Closed (RealtyTrac) na na na
238,359 loans through Mar 31
na
Subprime & Alt-A RMBS Issuance 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
1996
1995
Private Label Subprime RMBS Issuance (S&P) na na na na na na na na na na na na na $525.7 billion $411.7 billion $215.3 billion $147.5 billion $102.6 billion $62.6 billion $59.1 billion $83.2 billion $61.5 billion na na
Private Label Subprime RMBS Issuance (Moody’s approximate) na na na na na na na na na na $1 billion (Q1) $235 billion $516 billion $542 billion $417 billion na na na na na na na na na
Private Label Subprime RMBS Issuance (Fitch) na na na na na na na na na na na na na na na na $160 billion na na na na $63.7 billion na na
Private Label Alt-A RMBS Issuance (Moody’s approximate)

 

 na na na na na na na na na na $2 billion (Q1) $263 billion $444 billion $406 billion $186 billion na na na na na na na na na
Subprime Outstandings 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
1996
1995
Subprime Mortgages O/S # (MBA) na na na na na na na na na
4.7 million as of Sep. 30
na
na
na
na
na
na
na
na
na
na
na
na
na
na
Subprime Mortgages O/S # (LPS) na
na
na
na
na
na
na
na
 4,094,189 as of June 30
na
na
na
na
na
na
na
na
na
na
na
na
na
na
na
Subprime Share of O/S Mortgages (MBA) na na na na na na na na na na na 13.2% (Sept. 30) 13.7% 13.2% 11.5% 5.3% na na na na na na na na
Subprime # Outstanding Mortgages at sampled banks as of Dec. 31 (OCC) na 455,000 as of Q3 591,000 1,174,000 1,334,000 1,522,461 2,028,539 2.307,692 na na na na na na na na na na na na na na na na
Subprime Share of Outstanding Mortgages at sampled banks as of Dec. 31 (OCC) na 3% as of Q3 3% 5% 6% 6% 7% 7%
8%
8%
9%
9%
na
na
na
na
na
na
na
na
na
na
na
Subprime Outstandings 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
1996
1995
Alt-A # Outstanding Mortgages at sampled banks as of Dec. 31 (OCC) na 383,000 as of Q3 465,000 2,043,000 2,338,000 2,529,860 3,187,705 3,388,098 na na na na na na na na na na na na na na na na
Alt-A Share of Outstanding Mortgages at sampled banks as of Dec. 31 (OCC) na 2% as of Q3 2% 10% 10% 10% 11% 11%
11%
11%
10%
na
na
na
na
na
na
na
na
na
na
na
na
# Suprime Loans O/S (HOPE NOW) na na na na na na na na na
5,551,000 Nov. 30
6.9 million
na
na
na
na
na
na
na
na
na
na
na
na
Subprime Mortgages O/S (Lehman) na na na na na na na na na na na $1.200 trillion (as of March) na na na na na na na na na na na na
Alt-A Mortgages O/S (Lehman) na na na na na na na na na na na $1.150 trillion (as of March) na na na na na na na na na na na na
Subprime Outstandings 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
1996
1995
HEL Outstanding $ (Equifax) $416 billion as of Jul 31 $143.1 billion as of Aug 31 $131.4 billion as of Jun 30
$134.7 billion as of May
 $139.9 billion as of Nov 30
$136.7 billion as of Aug. 31
$148.1 billion as of Mar. 31
 na na na
na
na
na
na
na
na
na
na
na
na
na
na
na
na
HEL Oustanding # (Equifax) na 4,480,000 million as of Aug 31 $4,500,000 as of Jun 30
4,500,000 as of May
 4,600,000 as of Nov 30
4,000,000 as of Aug. 31
4,500,000 as of Mar. 31
 na na na
na
na
na
na
na
na
na
na
na
na
na
na
na
na
HELOCs Outstanding $ (Equifax) na 418 billion $446 billion $515.4 billion as of Nov 30
$500.4 billion as of Aug. 31
$569.1 billion as of Mar. 31
 na na $677 billion
na
na
na
na
na
na
na
na
na
na
na
na
na
na
HELOCs Outstanding # (Equifax) na na na
11,400,000 as of Mar 31
 11,100,000 as of Nov 30
10,500,000 as of Aug. 31
11,500,000 as of Mar. 31
 na na na
na
na
na
na
na
na
na
na
na
na
na
na
na
na
HELOC Balances (Equifax) na na na na $477.7 billion as of Sep 30 $497.1 billion as of Sep 30
$560 billion as of May 31
na
na
$680 billion as of May 31
na
na
na
na
na
na
na
na
na
na
na
na
na
na
HELOC Credit Limits (Equifax) na na na $608 billion as of Oct 31 na na
$1.02 trillion as of May 31
na
na
na
$1.30 trillion as of March 31
na
na
na
na
na
na
na
na
na
na
na
na
na
HELs & HELOCS O/S (OCC) na na na na na na na na na na $1.1 trillion (May 22) na na na na na na na na na na na na na
Subprime Delinquency 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
1996
1995
Subprime 30+ Delinquency as of Dec. 31 excluding foreclosures (MBA) na na 14.72% 15.64% 18.50% 20.82% 20.30% 20.83% 23.09% 25.26% 21.88% 17.31% 13.33% 11.63% 10.33% 11.53% 13.23% 14.33% na na na na na na
Second Mortgage 90-day Delinquency as of Dec. 31 (S&P-Experian) na 1.22% 0.41% 3.13% na na na na na na na
na
na
na
na
na
na
na
Subprime 30-day Delinquency including foreclosures as of Dec. 31 (OCC) na na na na na na 36.1% as of March 31 39.5% na na na na na na na na na
na
na
na
na
na
na
na
Subprime 60-day Delinquency as of Dec. 31 (OCC) na na na na na 14.7% 16.0% na na na na na na na na na na
na
na
na
na
na
na
na
Alt-A 60-day Delinquency as of Dec. 31 (OCC) na na na na na 8.4% 9.3% na na na na na na na na na na
na
na
na
na
na
na
na
Alt-A 30-day Delinquency including foreclosures as of Dec. 31 (OCC) na na na na na na 21.4% as of March 31 23.5% na na na na na na na na na
na
na
na
na
na
na
na
Subprime Delinquency 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
1996
1995
Subprime 60+ Delinquency as of Dec. 31 (Moody’s) na na na na na na na na na na na na na na na na na 9.34% (Dec. 31) 8.90% (Dec. 31) 7.92% (Dec. 31) na na na na
Subprime 60-Day Delinquency (HOPE NOW) na na na na na na na na na
20.26%
Aug. 31
13.63%
na
na
na
na
na
na
na
na
na
na
na
na
Subprime Loans in Foreclosure as of Dec. 31 (MBA) na na 6.94% 7.76% 9.63% 10.43% 11.93% 14.45% 14.41% 15.58% 13.71% 8.65% 5.63% 7.97% 9.35% na na na na na na
Subprime Foreclosures Started — 4-quarter average (MBA) na na 1.22% as of Jun 30 1.29% na na 2.46% as of June 30 3.01% 3.22% 4.05%
1.65%
2.13%
2.34%
na
na
na
na
na
na
Subprime Foreclosure Rate as of Dec. 31 (OCC) na na na na na na 12.5% as of March 31 12.2% na na na na na na na na na
na
na
na
na
na
na
na
Alt-A Foreclosure Rate as of Dec. 31 (OCC) na na na na na na 7.2% as of March 31 7.0% na na na na na na na na na
na
na
na
na
na
na
na
Subprime Modifications Completed (HOPE NOW) na na na na na na na na na
180,073 (Feb. 28)
203,000
na
na
na
na
na
na
na
na
na
na
na
na
Subprime Foreclosures Started (HOPE NOW) na na na na na na na na na
177,000 (Feb. 28)
971,000
na
na
na
na
na
na
na
na
na
na
na
na
Subprime Foreclosures Completed (HOPE NOW) na na na na na na na na na
69,516 (Feb. 28)
329,000
na
na
na
na
na
na
na
na
na
na
na
na
Subprime Delinquency 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
1996
1995
HEL Closed-end 30-day Delinquency as of Dec. 31 (ABA) 2.43% as of Q2 2.28% 2.61% 2.68% 3.23% 3.48% 4.03%
2.82% (Sept. 30)
na
na
na
 na na na na na
HELOC 30-day Delinquency as of Dec. 31 (ABA)

 

 1.15% as of Q2 1.16% 1.06% 1.18% 1.48% 1.67% 1.85% 1.69% 1.73% 2.04%
0.38% (Sept. 30)
na
na
na
 na na na na na
HEL 90-day Delinquency as of Dec. 31 (Equifax) na 1.22% as of Aug 31 1.46% as of Jun 30 1.98% as of Mar 31 2.21% as of Sep 30 3.31% as of Jun 30
4.16% as of Jun 30
 na na na na na na
na
 na na na na na na na na na na
HELOC 90-day Delinquency as of Dec. 31 (Equifax) na na 1.28% as of Jun 30 1.47% as of Mar 31 2.4% as of Sep 30 1.80% as of Aug. 31
2.20% as of Aug 31
 na na na na na na
na
 na na na na na na na na na na
HELOC 90-day Delinquency as of Dec. 31 (Fed) na na na na 3.3% as of Sep 30
3.2%
 na na na na na na na
na
 na na na na na na na na na na
HEL Losses (OCC)

 

 nas na na na na na na na na na 1.73% (Q1) 1.00% (Q4) na na na na na na na na na na na na
HEL Losses (OCC)

 

 na na na na na na na na na $2.4 billion (Q1) $0.3 billion (Q1) na na na na na na na na na na na na
Subprime Lawsuits
Period/Date
Level
Subprime-related Lawsuits (Navigant) year-to-date Sept. 30, 2008 448
Subprime-related Lawsuits (Navigant)

 

 2007 297
Subprime Losses
Period/Date
Level
Projected Subprime Meltdown-related Losses (IMF) total $1,400 billion
Projected Subprime Meltdown-related Losses (U.S. Monetary Policy Forum) total $400 billion
Projected Subprime Meltdown-related Losses (Advisen) through Jan. 8, 2008 $173 billion
Projected Subprime Meltdown-related Losses (Fitch 5/08) total $400 billion to $550 billion
Projected Hybrid ARM Losses (S&P 1/08) total $265 billion
Projected Subprime Credit Losses (Merrill Lynch 12/07) total $250 billion
Projected Alt-A Credit Losses (Merrill Lynch 12/07)

 

 total

 

 $50 billion

 
Subprime ARM Resets
Period/Date
Level
Subprime Hybrid ARM resets (FDIC)
2008
1.3 million loans
Subprime Hybrid ARM resets (FDIC)

 

2009

 

0.4 million loans

 
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