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Alt-A

   Also found in: Wikipedia 0.01 sec.
Alt-A
Short for Alternative-A paper. Alt-A are loans that are considered riskier than prime loans but less risky than subprime loans. Generally made to individuals with a good credit score but some aspect of the loan (e.g. limited documentation or high loan-to-value ratio) makes the loan riskier than prime. Also see A paper, No docs.


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Fitch is nearing completion of its review of the 2005-2007 Alt-A transactions.
The collateral of the above transactions primarily consists of 30- and 15-year fixed-rate mortgage loans extended to Alt-A borrowers and are secured by first liens, primarily on one- to four-family residential properties.
Alt-A loans are generally defined as loans that were underwritten in accordance with expanded criteria (i.
 
 
 
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