| Chart 3 | |
The Availability of Subprime Credit Declined Sharply in the Third Quarter |
|
| Quarterly Issuance of Subprime MBS, Dollars in Billions | |
| Q3 05 | $129.8 |
| Q4 05 | $137.5 |
| Q1 06 | $123.0 |
| Q2 06 | $135.5 |
| Q3 06 | $108.4 |
| Q4 06 | $116.2 |
| Q1 07 | $94.2 |
| Q2 07 | $82.6 |
| Q3 07 | $30.4 |
Source: Inside Mortgage Finance. |
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