FHA Default Comaprisons

Wednesday, February 24, 2010

by Howard Sumner

THIS CHART SHOWS FHA DEFAULTS AS A PERCENTAGE OF ORIGINATIONS IN YELLOWSTONE COUNTY COMPARED TO THE OTHER MAJOR AREAS OF THE STATE AND THE LAST COMPARISON IS THE STATE AS A WHOLE, UNITED STATES AS WHOLE AND LAS VEGAS. TO MAKE IT SIMPLE ALL THE BLUE WHICH IS THE FIRST COUNTY COLUM IS YELLOWSTONE COUNTY THE SECOND COUNTY COLUM IS THE DIFFERENT COUNTIES THROUGH OUT THE STATE

SO YOU MIGHT ASK HOW IS YELLOWSTONE FAIRING COMPARED TO THE REST OF THE STATE?

Default Choice - Percent of Originations Currently in Default

Performance Period - 01/31/2010
Loan Portfolio: Traditional FHA
Sorted by Compare Ratio

Data shown includes all insured single family loans with a beginning amortization
date between February 01, 2008 and January 31, 2010

	COUNTY	COUNTY
	Yellowstone, MT	Gallatin, MT
Performance Period:	02/01/2008 - 01/31/2010	02/01/2008 - 01/31/2010
Total Originations:	3,177	759
Originations Currently in Default:	60	21
% of Originations Defaulting:	1.89%	2.77%
Total Claims:	5	3
Total Defaults and Claims:	65	24
% of Defaults and Claims:	2.05%	3.16%
	COUNTY	COUNTY
	Yellowstone, MT	Lewis And Clark, MT
Performance Period:	02/01/2008 - 01/31/2010	02/01/2008 - 01/31/2010
Total Originations:	3,177	896
Originations Currently in Default:	60	20
% of Originations Defaulting:	1.89%	2.23%
Total Claims:	5	2
Total Defaults and Claims:	65	22
% of Defaults and Claims:	2.05%	2.46%
	COUNTY	COUNTY
	Yellowstone, MT	Missoula, MT
Performance Period:	02/01/2008 - 01/31/2010	02/01/2008 - 01/31/2010
Total Originations:	3,177	1,050
Originations Currently in Default:	60	28
% of Originations Defaulting:	1.89%	2.67%
Total Claims:	5	1
Total Defaults and Claims:	65	29
% of Defaults and Claims:	2.05%	2.76%
	COUNTY	COUNTY
	Yellowstone, MT	Ravalli, MT
Performance Period:	02/01/2008 - 01/31/2010	02/01/2008 - 01/31/2010
Total Originations:	3,177	276
Originations Currently in Default:	60	14
% of Originations Defaulting:	1.89%	5.07%
Total Claims:	5	0
Total Defaults and Claims:	65	14
% of Defaults and Claims:	2.05%	5.07%
	COUNTY	COUNTY
	Yellowstone, MT	Lake, MT
Performance Period:	02/01/2008 - 01/31/2010	02/01/2008 - 01/31/2010
Total Originations:	3,177	99
Originations Currently in Default:	60	5
% of Originations Defaulting:	1.89%	5.05%
Total Claims:	5	1
Total Defaults and Claims:	65	6
% of Defaults and Claims:	2.05%	6.06%
	COUNTY	COUNTY
	Yellowstone, MT	Flathead, MT
Performance Period:	02/01/2008 - 01/31/2010	02/01/2008 - 01/31/2010
Total Originations:	3,177	776
Originations Currently in Default:	60	47
% of Originations Defaulting:	1.89%	6.06%
Total Claims:	5	3
Total Defaults and Claims:	65	50
% of Defaults and Claims:	2.05%	6.44%
	COUNTY	COUNTY
	Yellowstone, MT	Silver Bow, MT
Performance Period:	02/01/2008 - 01/31/2010	02/01/2008 - 01/31/2010
Total Originations:	3,177	295
Originations Currently in Default:	60	6
% of Originations Defaulting:	1.89%	2.03%
Total Claims:	5	0
Total Defaults and Claims:	65	6
% of Defaults and Claims:	2.05%	2.03%
	COUNTY	STATE
	Yellowstone, MT	Montana
Performance Period:	02/01/2008 - 01/31/2010	02/01/2008 - 01/31/2010
Total Originations:	3,177	10,781
Originations Currently in Default:	60	300
% of Originations Defaulting:	1.89%	2.78%
Total Claims:	5	23
Total Defaults and Claims:	65	323
% of Defaults and Claims:	2.05%	3.00%
COUNTY	REGION
	Yellowstone, MT	United States
Performance Period:	02/01/2008 - 01/31/2010	02/01/2008 - 01/31/2010
Total Originations:	3,177	3,306,681
Originations Currently in Default:	60	158,170
% of Originations Defaulting:	1.89%	4.78%
Total Claims:	5	8,124
Total Defaults and Claims:	65	166,294
% of Defaults and Claims:	2.05%	5.03%
COUNTY	COUNTY
	Yellowstone, MT	Clark, NV
Performance Period:	02/01/2008 - 01/31/2010	02/01/2008 - 01/31/2010
Total Originations:	3,177	38,104
Originations Currently in Default:	60	3,015
% of Originations Defaulting:	1.89%	7.91%
Total Claims:	5	165
Total Defaults and Claims:	65	3,180
% of Defaults and Claims:	2.05%	8.35%