The Next Phase Of The Mortgage Mess »
Posted by: lukecford 2 months, 1 week agohttp://refinancemortgagenow.net/blog/?p=1170 Subprime is the term applied to loans given to people with shaky credit. Alt-A is the next-higher category, typically covering mortgages to borrowers who had better credit but didn't want to document their incomes or wanted an initial period of low payments, often covering only the interest on the loan.
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