Alt-A

(redirected from Low-doc)
Also found in: Dictionary.

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.
References in periodicals archive ?
Indeed, in 1995, just as he was getting into the thick of the spread of low-doc loans, he founded Headlands Foundation, a nonprofit charity, in order, he said, to do things right.
In both cases, the share of low-doc loans increased over the years, as shown in Figure 6.
Can this risk be mitigated in the absence of basic due diligence (eg, no-doc, low-doc loans) and under the pressure of predatory lending practices?
If you need a little more--say, $20,000-$100,000--check into bank loans, credit lines from banks, the SBA Low-Doc program, strategic partners and other sources.
With a simplified application process, a loan for as little as $500 can be acquired through OWBO's low-doc loan program.
But homeownership demand and household growth rates remain strong despite the collapse of no-down, low-doc products, and our FHA tools enable lenders to identify the markets where opportunities relating to the dramatic increase in demand for FHA loan products exist.
At the NEMBC in Newport, Steven Cofsky, chief director of examinations, Massachusetts Division of Banks, Boston, said his department is "finding that a lot of fraud and predatory lending is not happening in stated-income or no- or low-doc loans.
This report firstly analyzes the growth of the entire mortgage market and then looks at both the low-doc and non-conforming markets.
At the Subprime Lending Symposium, Scott Samlin, executive director of residential mortgage compliance for Morgan Stanley, New York, said he would "like to see specific programs [developed] around a reasonableness test" when it comes to no-doc or low-doc programs.
With a mix of prime, nonprime, home equity, interest-only, low-doc and no-doc loans, it is important for GMACM to have delinquency and default management integrated into its core servicing system.
GreenSource is an all-online, low-doc broker program that provides loan decisions in less than two minutes.
Full browser ?