Alt-A loans were made by many – Piggington's Econo-Almanac

July 24, 2008 at 7:01 PM #246411

latesummer2008

Participant

Alt-A loans were made by many banks to buyers with better than subprime credit, but with little verification of income. Many more affluent buyers used them for 1st and second homes. Sound familiar?

Tip of the iceberg with Indymac…