New data from the Home Mortgage Disclosure Act re-confirm the subprime market’s diminishing market share and declining volume. Only 11.6 percent of the mortgages reported under HMDA in 2008 were higher-priced, down significantly from the historic high of 28.7 percent in 2006 and 18.3 percent in 2007. The Fed defines higher-priced mortgages as those... [Includes one chart and one graph]