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Loan Default Sale History

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Past Default Sales
Date /
Loans sold
Pricing (% of principal balance)
Dec 2006
51 loans sold
  • 27 - 30%: Homeowners with any credit grade
  • 15 - 18%: Non-homeowners with a credit grade of D and above
  • 3.0 - 3.7%: Non-homeowners with a credit grade of E and HR
May 2007
294 loans sold
  • 16 - 19%: Homeowners
  • 2.4 - 3.3%: Non-homeowners
Aug 2007
309 loans sold
  • 23.0%: Weighted average price for AA and A credit grades
  • 13.3%: Weighted average price for B, C, and D credit grades
  • 8.1%: Weighted average price for E and HR credit grades
Dec 2007
701 loans sold
  • 12.5%: Homeowners
  • 9.6%: Non-homeowners with AA and A credit grades
  • 9.1%: Non-homeowners with B, C, and D credit grades
  • 7.3%: Non-homeowners with E and HR credit grades
  • 4.8%: Non-homeowners with NC credit grades
  • 3.5%: Texas residents

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