Subprime Loan Volume Falls Sharply in Early Part of 2006
May 12, 2006
Slowing home prices and rising interest rates appear to have finally caught up with the subprime market as volume dropped sharply early in the year, a new Inside B&C Lending analysis suggests. Inside B&C Lending estimates that $155 billion in new subprime loans were originated during the first three months of 2006. While that marked a solid 11.5 percent rise from the same period in 2005, volume was down by a steep 13.8 percent… [Two data tables included]