Characteristics And Performance Of Nonprime Mortgages

Author: William B. Shear
Publisher: DIANE Publishing
Keywords: mortgages, nonprime, performance, characteristics
Number of Pages: 57
Published: 2010-01
ISBN-10: 143791988X
ISBN-13: 9781437919882

Book Description:

In dollar terms, nonprime loans accounted for an increasing share of the overall mortgage market, rising from 12% in 2000 to 34% in 2006. Over this period, the dollar volume of nonprime mortgages originated annually climbed from $100 billion to $600 billion in the subprime market. However, these market segments contracted sharply in the summer of 2007. This report examines the evolution and condition of the nonprime market segment. It discusses: (1) trends in the loan and borrower characteristics of nonprime mortgages originated from 2000 through 2007; and (2) the performance of these mortgages as of March 31, 2009. It also provides supplemental info., including detailed statistics by annual loan cohort, state, and congressional district. Illustrations.

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