Interesting Data by David Bodamer February 5th, 2008
I’ve been at the MBA’s Commercial Real Estate Finance/Multifamily Housing Convention and Expo in Orlando. I intend to gather my thoughts and put a long post up in a day or so rounding up what I’ve seen and heard. For now, I thought I’d share a couple of charts that I found astounding, in terms of illustrating how small a piece of the residential market subprime loans represent. It’s amazing because that small piece has caused larger problems. It’s also amazing because that small piece still represents millions of mortgages and, therefore, millions of families.
Loan Type Percent of Loans Outstanding Percent of Foreclosures
Prime Fixed 63 18
Prime ARM 15 19
Subrime Fixed 6 13
Subprime ARM 7 43
FHA & VA 9 9
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