Alt-A mortgage


Alt-A mortgage
Alt-A mortgage BANK, FIN Alt-A-Hypothekendarlehen n, Hypothekendarlehen n an Schuldner (mit) mittlerer Bonität, Hypothekendarlehen n an Schuldner (mit) minderer Bonität (classification of mortgages where the risk profile falls between prime –erstklassig– and subprime –mit schlechter Bonität–; borrowers typically have clean credit histories, but the mortgage itself generally includes higher loan-to-value ratios = LTV and debt-to-income ratios or inadequate documentation of the borrower’s income; hence the rates are higher and more attractive for funds on the search for yield and prepared to take a risk than those on prime classified mortgages; cf subprime mortgage)

Englisch-Deutsch Fachwörterbuch der Wirtschaft . 2013.

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