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Subprime Servicing Outstanding: Phenomenal Growth?

Mortgage Servicing News

| March 01, 2005 | COPYRIGHT 2005 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(Dollars in Billions)

(part 1 of 2)

 
    Year          All U.S.    Subprime Debt 
    Ending       Hous. Debt    Outstanding 
 
    Dec. '04       $7,664         $989 
    Dec. '03       $7,081         $667 
    Dec. '02       $6,305         $505 
 
    (part 2 of 2) 
 
    Year            B&C Growth       B&C % of 
    Ending       From Prev. Year  All Res. Debt 
 
    Dec. '04            48%           12.90% 
    Dec. '03            32%            9.42% 
    Dec. '02            23%     ...

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Source: HighBeam Research, Subprime Servicing Outstanding: Phenomenal Growth?