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LinkBack | Thread Tools |
04-16-2008, 10:11 PM
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#1 (permalink) |
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Manager, Emeritus
Join Date: Oct 2004
Posts: 11,142
OS: xp
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Here Comes The Alt-A Crisis
The ALT-A universe, nearly twice the size of the subprime universe, is headed for disaster. Are you prepared?
Video: http://uk.youtube.com/watch?v=pmeBSWI9sF8
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04-17-2008, 05:12 AM
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#2 (permalink) |
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Manager, Emeritus
Join Date: Oct 2004
Posts: 11,142
OS: xp
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Re: Here Comes The Alt-A Crisis
Definition of ALT-A : A classification of mortgages where the risk profile falls between prime and subprime. The borrowers behind these mortgages will typically have clean credit histories, but the mortgage itself will generally have some issues that increase its risk profile. These issues include higher loan-to-value and debt-to-income ratios or inadequate documentation of the borrower's income.
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