“During the housing boom, IndyMac specialized in so-called Alt-A loans, for which borrowers often had to produce little evidence of income or assets.”
“The cases brought Friday could be complicated by the fact that there weren't widely accepted definitions about what constituted a subprime or so-called Alt-A mortgage, a category between prime and subprime that allowed for borrowers to provide little or no documentation of their incomes.”
“Those dealers have until 1 p.m. on Wednesday to submit bids on the securities, which are backed by subprime and so-called "Alt-A" home loans issued between 2005 and 2007.”
“The note said most of the so-called Alt-A bonds were well-bid, but the weakest subprime bonds did not sell.”
“Regulators are focusing on the way both companies reported their subprime mortgage portfolios and concentrations of loans extended to borrowers who offered little documentation, also known as Alt-A loans.”
“At the time, Fannie's executives were trying to expand the company's market share by buying up more subprime and so-called Alt-A loans, the SEC said.”
“It took a couple of hours before I became aware of what had precipitated the slide: Moody’s had downgraded to junk-bond status portions of fifteen different mortgage-backed debt issues that we had packaged and underwritten, including some so-called Alt-A bonds, a designation that was supposed to indicate solid quality and safety.”
“The charts below display the typical tranche shares for subprime and Alt-A mortgage-backed securities MBSs in 2006, and show that 85.9 percent of subprime MBS tranches, and 95.3 percent of Alt-A tranches, were rated either AAA or AA.”
‘Alt-A’ hasn't been added to any lists yet.
Looking for tweets for Alt-A.