Subprime Fallout
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7.2
million
Number of families who have a subprime mortgage
$1.3
trillion
Value of subprime loans outstanding
14.44%
Percent of subprime mortgages in default
1 in 5
Subprime mortgages originated in 2005 or 2006 projected to end in foreclosure
1.8
million
Number of subprime mortgages with interest rates that will reset in 2007 and 2008
30% to
50%
Typical increase in monthly payment after reset
SOURCE: Center for Responsible Lending
