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Subprime Lenders Help Power the Mortgage Market in Busy 3Q ‘05
Times may be getting tougher in the subprime market, where lenders are reporting that competition has made it harder to make money. But the volume numbers suggest that lenders have been working overtime to push new loans out the door in the third quarter. Inside B&C Lending estimates that $475.06 billion in new subprime loans were originated during the first nine months of the year, a 22.8 percent increase over...