Chart 3. The title is "Subprime Mortgage Origination Volumes Have Grown Sharply But Remain Steady as a Share of the Overall Market".

A combined line and bar chart showing the value of subprime mortgage originations and the percentage of total originations represented by subprimes.

In 1994, the value of subprime originations was $35 billion, and subprimes were 4.55% of total originations. In 1995, the value of subprime originations was $65 billion, and subprimes were 10.17% of total originations. In 1996, the value of subprime originations was $90 billion, and subprimes were 11.46% of total originations. In 1997, the value of subprime originations was $125 billion, and subprimes were 14.99% of total originations. In 1998, the value of subprime originations was $150 billion, and subprimes were 9.95% of total originations. In 1999, the value of subprime originations was $160 billion, and subprimes were 12.46% of total originations. In 2000, the value of subprime originations was $138 billion, and subprimes were 13.47% of total originations. In 2001, the value of subprime originations was $173 billion, and subprimes were 8.52% of total originations. In 2002, the value of subprime originations was $213 billion, and subprimes were 8.58% of total originations. In 2003 (year to date through June), the value of subprime originations was $136 billion, and subprimes were 7.58% of total originations.