The Mortgage Bankers Association first mortgage subprime originations volume dipped by 30% in the first half of 2006. This figure was disclosed in the MBA's Subprime Mortgage Originations Survey released today.
The survey had several key findings (note that percentages are based on dollar volume of originated loans). The first is that subprime first mortgage origination volume dropped 30% in terms of both dollars and loan count as compared to the second half of last year to the first half of this year. Also, subprime loans made up 19% of all originations in this year's first half.