subprime default alt a no documentation self employed past due foreclosure sub prime: Subprime defaults exceed 25% - 03/31/08 01:16 PM

Subprime Defaults Exceed 25%
The default rate on securitized subprime loans hit 25.2% in December 2007, up 185 bp from that of the previous month, but defaults on alternative-A loans are also surging, according to a recent reports. 
Alt-A loans were loans where the customers primarily had acceptable credit, but needed "ALTernative" options to … (1 comments)

 
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Joseph Metzler MMS UMB

Saint Paul, MN

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