Industry News

Standard & Poor’s sees dramatic rise in Alt-A delinquencies

Loans in 2006 vintage going bad four times as often as similar loans
Published on Jun 26, 2007

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by CareyBot

Alt-A mortgage loans made in 2006 are going bad at more than four times the rate as similar loans made in 2004, analysts at Standard & Poor’s said Tuesday. Alt-A loans are offered to home buyers who don’t have perfect ...