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alt-a


Definition
A category of mortgages which have a risk potential that is greater than prime but less than subprime. The interest rate offered on these mortgages is usually between the prime and subprime levels. The reason for the increased risk is usually not the borrower's credit history, but rather something specific about the mortgage.

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excess spread -  More

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alt-a is ...

... part of the Lending & Credit subject.

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