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Additional Exhibits to the Financial Crisis Inquiry Commission
Sacramento, California Field Hearing, September 23, 2010
Mark M. Fleming, Ph.D.
Chief Economist
CoreLogic, Inc.

©2010 CoreLogic.

1

Figure 17

Unpaid Principal Balance Loan Type Share

25.0%

Alt-A Share of Outstanding
UPB

15.0%

Subprime Share of Outstanding
UPB

13.0%
20.0%

11.0%
9.0%

15.0%

7.0%
10.0%

5.0%
3.0%

5.0%

SourceCoreLogic, July 2010
©2010 CoreLogic.

Sacramento

National

CA

Sacramento

2

Jul-10

Dec-09

May-09

Oct-08

Mar-08

Jan-07

Aug-07

Jun-06

Nov-05

Apr-05

Feb-04

Sep-04

Jul-03

Dec-02

May-02

Oct-01

Mar-01

Aug-00

Jul-10

Dec-09

May-09

Oct-08

Mar-08

Aug-07

Jan-07

Jun-06

Apr-05
CA

Nov-05

Sep-04

Feb-04

Jul-03

Dec-02

May-02

Oct-01

Mar-01

Jan-00

Aug-00

National

-1.0%

Jan-00

1.0%
0.0%

Figure 18

Unpaid Principal Balance Loan Type Share
Alt-A and Subprime Combined Share of Outstanding UPB
35.0%
30.0%
25.0%
2 0%
20.0%
15.0%
10.0%
5.0%

Jan-00
May-00
Sep-00
Jan-01
May-01
Sep-01
Jan-02
May-02
Sep-02
Jan-03
May-03
Sep-03
Jan-04
May-04
Sep-04
Jan-05
May-05
Sep-05
Jan-06
May-06
Sep-06
Jan-07
May-07
Sep-07
Jan-08
May-08
Sep-08
Jan-09
May-09
Sep-09
Jan-10
May-10

0.0%

National

Source: CoreLogic, July 2010
©2010 CoreLogic.

CA

Sacramento

3

Source: CoreLogic, July 2010
©2010 CoreLogic.

National
California
May-10

Ja
an-10

ep-09
Se

May-09

Ja
an-09

Se
ep-08

May-08

Ja
an-08

Se
ep-07

May-07

Ja
an-07

ep-06
Se

May-06

Ja
an-06

Se
ep-05

May-05

Ja
an-05

ep-04
Se

May-04

Ja
an-04

ep-03
Se

May-03

Ja
an-03

Se
ep-02

May-02

Ja
an-02

ep-01
Se

May-01

Ja
an-01

Se
ep-00

May-00

Ja
an-00

Figure 19

Unpaid Principal Balance Refinance Share
Refinance Share

80%

75%

70%

65%

60%

55%

50%

45%

40%

35%

30%

Sacramento

4