Option One's Servicing Portfolio -- Statistics at a Glance
(Dollars in millions)
Subprime servicing at 9/30/07 $62,300
Number of loans serviced 348,696
% change in serv. over 12 mos. (16 %)
Subservicing contracts $2,916
FRM/ARM servicing ratio 36%/64%
Total past dues 22.36 %
Foreclosures 8.64 %
NOTES: A percentage change figure in parenthesis indicates a decline. OOMC is owned by H&R Block which is trying to sell the servicing platform and portfolio.
SOURCE: MSN/Quarterly Data Report. Questions?