Magazine article Mortgage Banking

Mortgage Performance

Magazine article Mortgage Banking

Mortgage Performance

Article excerpt

SOURCE: First American LoanPerformance, San Francisco. Prime and subprime data are sourced from the LoanPerformance cooperative servicing databases, representing approximately 80 percent of outstanding mortgages nationwide. These and other loan data are Web-accessible through an annual subscription to TrueStandings Servicing.

[GRAPHIC OMITTED]

To learn more about LoanPerformance, visit www.loanperformance.com/data-power/default.aspx.

First American LoanPerformance's lending databases track the delinquency and prepayment performance of 50 million active individual mortgage payments per month, and provide loan-level information on more than $1.5 trillion in non-agency mortgage-backed securities (MBS) and asset-backed securities (ABS). The company's data and suite of predictive prepayment and risk-modeling solutions enable mortgage originators, servicers, securities issuers and investors to make informed business decisions about credit risk, loss mitigation, customer retention, securitization and investment.

* "Seriously Delinquent" (SD) is defined as active mortgage loans that are 90 or more days delinquent, plus those loans in foreclosure.

** "3-Month CPR" is defined as the three-month constant prepayment rate (CPR), an annualized estimate of mortgage loan prepayments computed by multiplying the average monthly prepayment rate for the most recent preceding three months by four.

*** "2005 Book Vintage Report" reflects current delinquencies on loans originated in 2005.

2005 Prime Book Vintage Report*

                                   2005
                                   (Seriously     National
MSA                                Delinquent %)  Index

 1 New Orleans, LA                 5.27           1171
 2 Biloxi-Gulfport-Pascagoula, MS  4.80           1067
 3 Beaumont-Port Arthur, TX        1.86            413
 4 Hattiesburg, MS                 1.65            367
 5 Lake Charles, LA                1.65            367
 6 Houma, LA                       1.58            351
 7 Lawton, OK                      1.54            342
 8 Flint, MI                       1.53            340
 9 Pine Bluff, AR                  1.52            338
10 Jackson, MS                     1.48            329
11 Kokomo, IN                      1.42            316
12 Shreveport-Bossier City, LA     1.41            313
13 Muncie, IN                      1.40            311
14 Indianapolis, IN                1.39            309
15 Killeen-Temple, TX              1.39            309
16 Panama City, FL                 1.38            307
17 South Bend, IN                  1.38            307
18 Texarkana, TX-AR                1.33            296
19 Victoria, TX                    1.33            296
20 Laredo, TX                      1.31            291
21 Alexandria, LA                  1.28            284
22 Mansfield, OH                   1.27            282
23 Anniston, AL                    1.25            278
24 Sherman-Denison, TX             1.22            271
25 Jackson, MI                     1.21            269
   National                        0.45            100

2005 Subprime Book Vintage Report*

                                2005
                                (Seriously     National
MSA                             Delinquent %)  Index

 1 New Orleans, LA              16.99          274
 2 Kankakee, IL                 15.57          252
 3 Jackson, MS                  15.14          245
 4 South Bend, IN               13.67          221
 5 Decatur, IL                  12.28          198
 6 Champaign-Urbana, IL         12.12          196
 7 Cleveland-Lorain-Elyria, OH  12.03          194
 8 Eau Claire, WI               11.76          190
 9 Barnstable-Yarmouth, MA      11.47          185
10 Bangor, ME                   11.41          184
11 Sumter, SC                   11.39          184
12 Youngstown-Warren, OH        10. … 
Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.