Mortgage loan servicers classify the status of each loan that backs the Non-Agency RMBS. As shown below, many borrowers are delinquent or have defaulted. These percentages may change slightly over time as defaults, foreclosures, and principal repayments, among other loan-level activity, will affect the outstanding balance of the Non-Agency RMBS.
The following information will be updated semi-annually. The next update will occur by November 2022.
This pie chart shows the percentage of the NGN portfolio that falls under each delinquency status category.
- At 2021 Q4
- Current Clean – 59%
- Re-performing – 21%
- 30-60 Days Delinquent – 2%
- 60+ Days Delinquent – 11%
- Bankruptcy – 1%
- REO – 1%
- Foreclosed – 5%
Delinquency Status History
Current Clean includes loans that have been current for at least twelve months.
Re-performing includes current loans that have been delinquent within the past twelve months.