1. Mortgage Delinquencies
IV Quarter 2010

2. Summary
• According to MBA National Delinquency Survey for 4th quarter 2010, the delinquency rate
decreased to 8.22 percent of all loans outstanding.
• The percentage of loans on which foreclosure actions were started during the fourth quarter was
1.27 percent, down seven basis points from last quarter and up seven basis points from one year
ago.
• The percentage of loans in the foreclosure process at the end of the fourth quarter was 4.63
percent, up 24 basis points from the third quarter of 2010 and up five basis points from one year
ago.
• The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the
process of foreclosure, was 8.57 percent, a decrease of 13 basis points from last quarter, and a
decrease of 110 basis points from the fourth quarter of last year.
• There are significant decreases in mortgage delinquency rates across the US. Total delinquencies,
which exclude loans in the process in foreclosure, are now at their lowest level since the end of
2008. Mortgages with only one payment past due are now at the lowest level since the end of
2007.
• Finally, loans 90+ days past due have fallen from an all-time high delinquency rate of 5.02
percent at the end of the first quarter of 2010 to 3.63 percent at the end of the fourth quarter of
2010, a drop of 139 basis points or almost 28% over the course of the year. Every state but two
saw a drop in the 90-plus day delinquency rate and the two increases were negligible.

3. Mor tgage For eclosur e Inventor y: United States
EOP, NSA, Number
2400000 2400000
2000000 2000000
1600000 1600000
1200000 1200000
800000 800000
400000 400000
0 0
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association/Haver Analytics 02/ 17/ 11

4. Mor tgage For eclosur e Inventor y: United States
% Change - Year to Year EOP, NSA, Number
125 125
100 100
75 75
50 50
25 25
0 0
-25 -25
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association/Haver Analytics 02/ 17/ 11

5. Mor tgage For eclosur es Star ted: United States
% Change - Year to Year SA, Number
100 100
75 75
50 50
25 25
0 0
-25 -25
-50 -50
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association/Haver Analytics 02/ 17/ 11

6. Conv Subpr ime ARM Mor tgages: For eclosur e Inventor y: U. S.
% Change - Year to Year EOP, NSA, Number
160 160
120 120
80 80
40 40
0 0
-40 -40
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association/Haver Analytics 02/ 17/ 11

7. Conv Pr ime Mor tgage For eclosur e Inventor y: United States
% Change - Year to Year EOP, NSA, Number
160 160
120 120
80 80
40 40
0 0
-40 -40
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association/Haver Analytics 02/ 17/ 11

8. Mor tgage For eclosur e Inventor y: South
EOP, NSA, Number
Mor tgage For eclosur e Inventor y: Nor theast
EOP, NSA, Number
1000000 1000000
800000 800000
600000 600000
400000 400000
200000 200000
0 0
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association/Haver Analytics 02/ 17/ 11

9. All Mor tgages Past Due: Nor theast
Differ ence - Year to Year SA, %
All Mor tgages Past Due: South
Differ ence - Year to Year SA, %
3.00 3.00
2.25 2.25
1.50 1.50
0.75 0.75
0.00 0.00
-0.75 -0.75
-1.50 -1.50
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association /Haver Analytics 02/ 17/ 11

10. Mor tgage For eclosur es Star ted: Nor theast
SA, Number
Mor tgage For eclosur es Star ted: South
SA, Number
240000 240000
200000 200000
160000 160000
120000 120000
80000 80000
40000 40000
0 0
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association/Haver Analytics 02/ 17/ 11

11. This image cannot currently be display ed.

12. Mor tgage Payments Past Due 90+ Days: Nor theast
SA, %
Mor tgage Payments Past Due 90+ Days: South
SA, %
5 5
4 4
3 3
2 2
1 1
0 0
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association /Haver Analytics 02/ 17/ 11

13. This image cannot currently be display ed.

14. This image cannot currently be display ed.

15. Mor tgage For eclosur es Star ted: West
SA, Number
Mor tgage For eclosur es Star ted: Midwest
SA, Number
240000 240000
200000 200000
160000 160000
120000 120000
80000 80000
40000 40000
0 0
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association/Haver Analytics 02/ 17/ 11

16. Mor tgage Payments Past Due 30-59 Days: Midwest
SA, %
Mor tgage Payments Past Due 30-59 Days: West
SA, %
4.0 4.0
3.5 3.5
3.0 3.0
2.5 2.5
2.0 2.0
1.5 1.5
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association /Haver Analytics 02/ 17/ 11

17. Mor tgage Payments Past Due 90+ Days: West
SA, %
Mor tgage Payments Past Due 90+ Days: Midwest
SA, %
6 6
5 5
4 4
3 3
2 2
1 1
0 0
00 01 02 03 04 05 06 07 08 09 10
Sour ce: Mor tgage Banker s Association /Haver Analytics 02/ 17/ 11