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Subprime Servicing Outstanding: Phenomenal Growth?

(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% 8.01%

Notes: Calculations made by MSN, based on its quarterly surveys dating back to 2002. The definitions of 'subprime' and 'alt-A' vary among lenders, which means the subprime volumes in this table may actually represent other types of 'non-conforming' credits.

Source: MSN/Quarterly Data Report. Questions? Email: Paul.MuoloThomsonMedia.com

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