SO MUCH FOR ACCURACY

To use the following linked study's own words: The chart’s data were taken from a 50,000-loan sample of Freddie Mac-backed fully amortizing 30-year fixed-rate single-family mortgages that were originated in 2011.

These were not those subprime honeys done way back in 2005 or so. These were fixed-rate loans that usually require much more diligence on the borrower to meet more stringent standards of the lender. 

It shouldn't pump up your confidence in bureaucrats. What this should tell you is these folks have a hard time getting it right even under supposedly the best of conditions.

http://blogs.marketwatch.com/thetell/2013/03/27/new-freddie-mac-data-show-the-difficulty-in-identifying-mortgage-risks/