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 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, 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 ...
Monthly payments on a home equity loan of this size have dropped following recent Federal Reserve interest rate cuts.