Alt-A

a type of US mortgage with interest rates determined by credit risk

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Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

References in periodicals archive

"The whole thing started with subprime loans, but now includes Alt-A's--products with lower credit standards and verification requirements--and jumbos, all nonconforming loans."

New Hampshire avoids a 'jumbo' loan problem: a squeeze on mortgages over $417k has hit several high-priced real estate markets

Witness the meteoric rise in alt-A lending at wholesaler SouthStar Funding, which as recently as January 2004 had no alt-A product offerings and as of June did about $125 million a month in such lending, representing just under one-quarter of its entire business, reports Kirk Smith, president.

Most popular among SouthStar's alt-A products are the no-income, no-asset loans (affectionately known as NINAs) and stated-income loans, another no- or low-document-required mortgage.

The 'emerged' market: the numbers make a compelling case for where industry growth will come from in the future. A segment of borrowers with the moniker "emerging markets" is the focus of many lenders today, and their needs are different from the cookie-cutter borrowers of the past

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