<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/42237c0e-b329-4209-8b4b-5aae1644f412/B731EDCE-FD13-4D0C-96A7-7CE216ABB22C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.fool.com/investing/general/2009/07/07/the-new-subprime.aspx" href="http://www.fool.com/investing/general/2009/07/07/the-new-subprime.aspx" style="font-size: 11px;">www.fool.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fool.com/investing/general/2009/07/07/the-new-subprime.aspx"><P>But over the past year, prime mortgage foreclosures have been growing faster than any other mortgage segment. Have a look:</p> <TABLE cellspacing="0" class="ed-table"><TBODY><TR><TH><P align="center"> <STRONG>Mortgage Type</STRONG> </p> </TH><TH><P align="center"> <STRONG>Y-O-Y Change</STRONG> <STRONG>in Newly Initiated Foreclosures</STRONG> </p> </TH><TH><P align="center"> <STRONG>Newly Initiated Foreclosures</STRONG> <STRONG>(March 31, 2009)</STRONG> </p> </TH></TR><TR><TD><P>Prime</p> </TD><TD><P>25.6%</p> </TD><TD><P>132,730</p> </TD></TR><TR><TD><P>Alt-A</p> </TD><TD><P>(6.9%)</p> </TD><TD><P>56,948</p> </TD></TR><TR><TD><P>Subprime</p> </TD><TD><P>(16.7%)</p> </TD><TD><P>64,628</p> </TD></TR><TR><TD><P>Other</p> </TD><TD><P>2.5%</p> </TD><TD><P>36,614</p> </TD></TR><TR><TD><P>Total</p> </TD><TD><P>3.8%</p> </TD><TD><P>290,920</p> </TD></TR></TBODY></TABLE><P> <SPAN class="smalltext">Source: Comptroller of the Currency, Office of Thrift Supervision, June 2009.</SPAN> </p> <P>Even though the default rate is significantly higher with subprime, the total amount of prime mortgages makes it one of -- if not the -- biggest areas of trouble. One year ago, there were around one-third more seriously delinquent subprime mortgages than prime mortgages. Today, that number has flipped, with seriously delinquent prime mortgages running roughly 38% higher than subprime.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B731EDCE-FD13-4D0C-96A7-7CE216ABB22C/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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