Subprime Loan Woes Tax Horry (Myrtle Beach Online, Nov. 4th) South Carolina: "Federal data: There were 13,106 subprime mortgages totaling $1.6 billion originated in Horry County between 2004 2006. One out of every four made in 2006. Half of the subprime loans made last year were for homes that are not the owner's primary residence [and] 32.2% of subprime loans in Horry County last year went to borrowers with annual incomes at or above the median for this area. The value of those mortgages [went] from $207 million 2004 to $870M in 2006. Association of Realtors: Horry County home sales through September have fallen 28.9% compared with the same period a year ago.