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Exact(17)
First are subprime ARMs, option ARMs, and ALT A loans.
It specializes in Alt-A (for "alternative A") loans, which lie between prime and subprime.
The days of "Alt A" loans other subprime tools are long gone.
Despite the overall downward trend, several actually made more 7(a) loans over this time period.
Like Trevor, her job as a loans processor was connected to the housing market.
Help to Buy has two components: the mortgage guarantee scheme and a loans scheme.
Similar(41)
Asked about the increased purchases, Mr. Mudd insisted that "Alt-A loans were essentially a subset of overall A loans," and not subprime.
Meanwhile, Moody's Investors Service said that it expected more severe losses on Alt-A loans.
Mr. Wallison said those figures suggested that Fannie Mae's Alt-A loans were subprimelike loans.
The explosion of subprime and Alt-A loans was also not classified information.
Fannie also will stop buying so-called Alt-A loans, which are credit-score driven.
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