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by CareyBot

Senior loan officers queried by the Federal Reserve say nontraditional loans constitute a greater percentage of their loan portfolios than subprime mortgages, but that loans in both categories are performing as expected or better. Of the 30 domestic banks with subprime residential mortgages on their books, nearly three-fourths said they accounted for less than 5 percent of their mortgage portfolios. One-fifth reported the share of such subprime loans was between 5 percent and 15 percent. Only three banks, or 10 percent of those surveyed, said subprime loans made up more than 20 percent of the mortgages on their books. The quality of those loans, as measured by delinquencies and chargeoffs, has remained unchanged over the last 12 months, 73 percent of those surveyed said. About 17 percen...