Irvine-based Impac Mortgage Holdings Inc. said Tuesday it plans to stop funding loans known as Alt-A a day after rival American Home Mortgage Investment Corp. filed for bankruptcy protection. Alt-A ...
*Refers to the latest 2 years of stltoday.com stories. Cancel anytime. Defaults are increasing among Alternative-A mortgages, which generally fall between conventional and subprime home loans, a St.
The mortgage industry has evolved. The conventional mentality that rates alone drive business is no longer the case with today's borrowers. With the influx of self-employment, less job stability and ...
NEW YORK (Reuters) - The spectacular collapse of the U.S. subprime mortgage may be about to play out among higher quality "Alt-A" loans if a plan goes ahead to create an index that allows investors to ...
SAN FRANCISCO (MarketWatch) -- IndyMac Bancorp nde said on Thursday that concerns about subprime mortgage problems spreading into so-called Alt-A home loans are "overblown." The company, which was the ...
NEW YORK, Aug 3 (Reuters) - Wachovia Corp. , the fourth-largest U.S. bank, on Friday said its Vertice lending unit has temporarily stopped making "Alt-A" home loans, a day after the company stopped ...