Subprime Lending Bubble Is Over — Chart of the Day
Kurt Brouwer July 17th, 2008
Source: Carpe Diem
As we can see from this chart, current subprime loan originations have fallen from the high levels of the bubble years (2004-2006) and now they are well below the pre-bubble period (2001-2002). Eventually, subprime loans will come back a bit, but at a sustainable level. The data on subprime mortgage loans is from a Harvard study on the state of nation’s housing market.
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