The subprime mortgage market has seen its worst days, experts agree, but they don’t foresee a quick recovery. Worse, they do see problems with Alt-A and prime loans that need to be resolved before a ...
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.
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 (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 ...
The media tends to get caught up on buzz phrases. One of my favorite phrases from the election, which has carried over to the current economic situation, is “Main Street.” Politicians were trying to ...