Nonprime Lenders Power the Mortgage Market With Strong Volume in 2005
March 9, 2006
Nonprime lenders flexed their muscle last year, accounting for nearly one out of every three new loans, a new Inside Mortgage Finance analysis and ranking reveals. How red-hot was the nonprime market in 2005? Subprime lending volume set a new record, with lenders churning out an estimated $625 billion in new loans. Meanwhile, the Alt A market saw volume rise by more than 90 percent, on a year-to-year basis, with a record $390 billion… [One data table included]