Brokers Power Surging Subprime Mortgage Market to New Heights
September 8, 2004
Mortgage brokers have gained considerable ground in the subprime market during 2004 while providing much of the muscle for what is shaping up to be a banner year on the origination front. According to a new analysis by Inside B&C Lending, brokers accounted for 55.7 percent of the estimated $252.6 billion in new subprime loans generated during the first six months of this year. That was up…