Despite the looming shadow of new regulation, subprime lenders generated new mortgages at a record pace during the first half of 2001. Whether that momentum can be sustained in the months ahead, however, remains to be seen. From a volume perspective, 2001 clearly qualifies as a banner year – so far – for the subprime sector. According to data compiled by Inside B&C Lending, an affiliated newsletter, an estimated $86.5 billion in new loans were