Recent Performance of Nonprime Loans Highlights the Potential for Additional Foreclosures

July 2009
GAO Reports;7/28/2009, preceding p1
Government Document
The article presents a report concerning the performance of the nonprime mortgage market in the U.S. as of March 31, 2009. It cites that nonprime loans have contributed an increasing share of 34% from 12% of the overall mortgage market from 2000 to 2006. It also examines the trends in the loan and borrower characteristics of nonprime mortgages as well as the performance of such mortgages according to market segment, product type and geographic location.


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