The subprime MBS market showed no sign of slowing in the early part of 2005, with volume on another record pace, a new Inside B&C Lending analysis reveals. Fueled in large part by red-hot demand for subprime MBS tranches among foreign investors, hedge funds, and CDO managers, subprime MBS issuance grew 41.5 percent on a year-to-year basis, to $102.89 billion, during the first quarter of 2005. …