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Third-Quarter 2011 U.S. Residential Mortgage Performance Index Data Supplement Dec 11
Standard & Poors, December 2011
Standard & Poor's Ratings Services is providing supplemental default rate information for nonagency U.S. residential mortgage loans originated in 2005, 2006, and 2007. The additional information includes a further breakout of the cumulative, active, and closed default rates for these vintage years as of third-quarter 2011. This information supplements "U.S. Residential Mortgage Performance Index: Cumulative Default Rates Are Leveling Off, But Later-Vintages Loans Still Face A Long Road Ahead," published Nov. 15, 2011. Table 1 provides a breakout of the active, closed, and total cumulative defaults by loan categorization of prime, Alternative-A (Alt-A), and subprime (please see the Appendix for information about our loan categorization methodology). Table 2 looks at the relationship between defaults and original combined loan-to-value (CLTV) ratios...
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