The Number of Seriously Delinquent Subprime Home Equity Borrowers Has Trended Up Sharply Since 2000

Year	Quarter	Subprime Junior Lien Borrowers Delinquent Borrowers (percent of total)	HELOC Borrowers Delinquent Borrowers (percent of total)
1999	2	3.10	1.05
	3	3.13	1.03
	4	3.32	1.02
2000	1	3.09	1.04
	2	3.22	0.97
	3	3.26	1.11
	4	3.41	1.24
2001	1	3.51	1.18
	2	3.40	1.11
	3	3.80	1.18
	4	4.31	1.06
2002	1	4.80	0.88
	2	4.82	0.79
	3	5.22	0.81
	4	5.89	0.79
2003	1	6.02	0.71
	2	5.92	0.66
	3	6.15	0.64
	4	6.34	0.60
2004	1	5.91	0.57
	2	5.43	0.51
Source: FDIC, LoanPerformance