I pulled this from Bloomberg
This is the percentage of loans in trouble. nearly 1/4 of all loans are either delinquent, or in foreclosure. Nearly 40% of all subprime are in trouble. That's a shocking number of loans in trouble. Considering nearly all the late model loans in Southern California are either Alt-A or Subprime we are in a world of hurt.
01/31/09 12/31/08 11/30/08 01/31/08 01/31/07
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Delinq. (30,60,90,REO&Fore) 24.13% 23.17% 21.69% 14.43% 7.28%
of which Prime 12.87% 12.08% 10.79% 5.27% 2.22%
of which Alt-A 23.51% 22.49% 20.25% 10.59% 4.45%
of which Subprime 38.88% 37.71% 35.99% 25.77% 12.88%
Delinquency (90+ days) 17.31% 16.42% 15.77% 9.07% 3.54%
of which Prime 8.77% 8.02% 7.43% 2.70% 0.70%
of which Alt-A 15.81% 14.54% 13.46% 5.59% 1.24%
of which Subprime 28.96% 28.05% 27.28% 17.55% 7.13%