NEW SURVEY SHOWS ONLY SMALL PERCENTAGE OF LOAN ORIGINATIONS ARE SUBPRIME

Date August 21, 2007

A new survey by the National Association of Mortgage Brokers (NAMB) says subprime loans continue to account for only a small percentage of loans originated this year, despite their alleged role as the leading factor in the current housing slump.
A recent survey of more than 200 brokers across the country shows that although prime loan [...]