WSJ posted (to online subscribers like me) the Treasury Department presentation used during those meetings. As this presentation is by public officials it is presumably in the public domain so I have reposted it HERE to my web space.
- Page 14 shows that Subprime loans make up 12% of loans outstanding, and 55% of foreclosures whereas prime fixed rate loans make up 63% of loans outstanding but only 17% of foreclosures.
- Page 30 says that HOPE NOW servicers report that 36% of workouts in first quarter '08 were loan modifications, 64% were repayment plans. That's more than double the rate of loan modifications from same quarter in '07 where split was 17% loan modifications, 83% repayment plans.