Reports of a downturn in subprime securitization appear to have been greatly exaggerated: barring a major meltdown, subprime MBS issuance will set a new record this year. According to a new Inside B&C Lending analysis, subprime MBS issuance, including scratch-and-dent and second mortgage pools backed by subprime credits, totaled $159.40 billion during the first half of the year, a 82.5 percent increase from the same