About: Alt-A

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An Alt-A mortgage, short for Alternative A-paper, is a type of U.S. mortgage that, for various reasons, is considered riskier than A-paper, or "prime", and less risky than "subprime," the riskiest category. For these reasons, as well as in some cases their size, Alt-A loans are not eligible for purchase by Fannie Mae or Freddie Mac. Alt-A interest rates, which are determined by credit risk, therefore tend to be between those of prime and subprime home loans, although there is no single accepted definition of Alt-A. Typically Alt-A mortgages are characterized by borrowers with less than full documentation, average credit scores, higher loan-to-values, and more investment properties and secondary homes. A-minus is related to Alt-A, with some lenders categorizing them the same, but A-minus is

Attributes	Values
rdf:type	Thing company yago:WikicatUnitedStatesHousingBubble yago:AdministrativeDistrict108491826 yago:District108552138 yago:Location100027167 yago:Object100002684 yago:PhysicalEntity100001930 yago:Region108630985 yago:YagoGeoEntity yago:YagoLegalActorGeo yago:YagoPermanentlyLocatedEntity
rdfs:label	Alt-A (en)
rdfs:comment	An Alt-A mortgage, short for Alternative A-paper, is a type of U.S. mortgage that, for various reasons, is considered riskier than A-paper, or "prime", and less risky than "subprime," the riskiest category. For these reasons, as well as in some cases their size, Alt-A loans are not eligible for purchase by Fannie Mae or Freddie Mac. Alt-A interest rates, which are determined by credit risk, therefore tend to be between those of prime and subprime home loans, although there is no single accepted definition of Alt-A. Typically Alt-A mortgages are characterized by borrowers with less than full documentation, average credit scores, higher loan-to-values, and more investment properties and secondary homes. A-minus is related to Alt-A, with some lenders categorizing them the same, but A-minus is (en)
rdfs:seeAlso	Subprime mortgage crisis
dcterms:subject	Personal finance Mortgage United States housing bubble
Wikipage page ID	12758998 (xsd:integer)
Wikipage revision ID	1075520068 (xsd:integer)
Link from a Wikipage to another Wikipage	Mortgage loan Personal finance Debt-to-income ratio Default (finance) Refinancing Secondary mortgage market Freddie Mac Credit history Credit risk Credit score Mortgage Jumbo mortgage Loan-to-value ratio A-paper FICO score Fannie Mae Bankruptcy Government-sponsored enterprise United States housing bubble Tax return (United States) Subprime mortgage crisis Asset Internal Revenue Service Subprime lending Loan to value Super jumbo mortgage Self-employment Owner-occupancy Investment property
Link from a Wikipage to an external page	http://www.fanniemae.com/ http://www.freddiemac.com/ https://web.archive.org/web/20080513085527/http:/www.homeloanlearningcenter.com/default.htm
sameAs	Alt-A Alt-A Alt-A Alt-A
dbp:wikiPageUsesTemplate	dbt:Reflist dbt:See_also dbt:When
has abstract	An Alt-A mortgage, short for Alternative A-paper, is a type of U.S. mortgage that, for various reasons, is considered riskier than A-paper, or "prime", and less risky than "subprime," the riskiest category. For these reasons, as well as in some cases their size, Alt-A loans are not eligible for purchase by Fannie Mae or Freddie Mac. Alt-A interest rates, which are determined by credit risk, therefore tend to be between those of prime and subprime home loans, although there is no single accepted definition of Alt-A. Typically Alt-A mortgages are characterized by borrowers with less than full documentation, average credit scores, higher loan-to-values, and more investment properties and secondary homes. A-minus is related to Alt-A, with some lenders categorizing them the same, but A-minus is traditionally defined as mortgage borrowers with a FICO score of below 680 while Alt-A is traditionally defined as loans lacking full documentation. Alt-A mortgages may have excellent credit but may not meet underwriting criteria for other reasons. During the past decade, a significant amount of Alt-A mortgages resulted from refinancings, rather than property purchases. Alt-A loans should not be confused with alternative documentation loans, which are typically considered to have the same risk as full documentation loans despite the use of different documents to verify the relevant information. As with subprime mortgages, a greater portion of Alt-A mortgages tend to be originated by specialized lenders, rather than banks and thrifts. (en)
gold:hypernym	Mortgage
prov:wasDerivedFrom	wikipedia-en:Alt-A?oldid=1075520068&ns=0
page length (characters) of wiki page	9238 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Alt-A
is Link from a Wikipage to another Wikipage of	American Freedom Mortgage Rocket Mortgage List of corporate collapses and scandals Chuck Schumer Mortgage-backed security Credit rating agencies and the subprime crisis Mortgage industry of the United States Alta Altai Lehman Brothers William K. Black Loan modification in the United States A-paper Fannie Mae Financial crisis of 2007–2008 Bankruptcy of Lehman Brothers North Fork Bank Causes of the 2000s United States housing bubble Causes of the Great Recession Government policies and the subprime mortgage crisis Residential mortgage-backed security 2000s United States housing bubble 2000s United States housing market correction JPMorgan Chase Subprime mortgage crisis Asset-backed security Great Recession in the United States IndyMac Subprime lending Predatory mortgage servicing Stated income loan No doc loan Non-conforming loan Alt a Low-doc
is Wikipage redirect of	Alt a

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