Housing and Mortgage Lending Data

Subprime Lending

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Source: Home Mortgage Disclosure Act

Notes: Conventional, first lien mortgages for purchase or refinance of 1-to-4 unit properties. Subprime is approximated as higher-priced loans. Prior to October 2009, higher-priced defined as an effective annual percentage rate (APR) 300 basis points above the yield of a Treasury security of comparable maturity. Since October 2010, higher-priced defined as an APR 150 basis points above the prevailing Average Prime Offer Rate.