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Huge Declines in Subprime Mortgage Lending Volume!

Subprime lending volume was relatively modest in 1995 and 2000, but surged in 2005 and 2006, before easing in 2007 and completely dropping off this year.

It's forecasted that 2008 subprime originations will total just $10 billion, making up a mere 0.58 percent of the estimated $1.7 trillion in total residential lending volume.

www.MortgageAdvisor.info & www.GregZaccagni.com

Posted by Illinois Mortgage Lender Greg Zaccagni on 12/09/2008 10:15 PM

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Subprime Mortgage Declines in the Mortgage / Finance Channel

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