The subprime mortgage market closed the second quarter of 2006 in a state of flux: while volume was up a bit over last year’s record level, lenders have had to make changes to their product mixes in response to shifting secondary market conditions and borrower preferences. According to data compiled by Inside B&C Lending, lenders turned out $333 billion in new subprime mort-gages during the first half of the year...[Two data tables included]