Mortgage Brokers Help Keep the Subprime Fire Burning in 2005
Those seeking an explanation for the strong performance of the subprime origination market in 2005 probably don’t need to look much further than their local mortgage broker – who, as usual, has provided most of the steam for the subprime origination engines of the industry’s major players. According to a new analysis by Inside B&C Lending, mortgage brokers accounted for 56.2 percent of the estimated $475.06 billion in new subprime loans produced during the…