Subprime Originations All But Vanished in 2nd Quarter of 2008
August 29, 2008
There’s almost nowhere else for subprime originations to go but up. Subprime production hit a new low in the second quarter of 2008, according to Inside B&C Lending. An estimated $4.0 billion in subprime mortgages were originated during the period as most lenders have abandoned the sector. That’s down 60.0 percent from the anemic volume posted in the... [Includes one chart]