Chart 9.
The title is Many Subprime Mortgage Loans Originated in the Late 1990s Are Now Seriously Delinquent." The line chart shows subprime loans seriously delinquent as a percentage of loans outstanding. The longer the loans are outstanding, the higher the percentage of delinquencies. Four percent of loans originated in 2000 are delinquent; 7 percent of loans originated in 1999 are delinquent; 10 percent of loans originated in 1998 are delinquent; and 11 percent of loans originated in 1997 are delinquent.