Alt-A


Also found in: Dictionary, Wikipedia.

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 ?
It's no coincidence that alt-A's growth at companies such as SouthStar is coming from states such as Florida, Texas and California, as well as cities like Atlanta, which Smith calls "a diverse international market." And, he notes, demand for alt-A loans is being driven by more than just immigrant or minority populations.