More nonconforming loans appear to be finding their way into the securitization market than ever before, a new Inside B&C Lending analysis reveals. During the first quarter of 2004, some $90.94 billion in securities backed by subprime or Alternative-A mortgages were issued. That meant that a full 75.2 percent of the estimated $121 billion in such loans generated during the period were securitized – up from 71.8