CSFB Analysts Recommend ‘Tiering’ Method to Capture Alt-A’s Distinguishing Characteristics
December 19, 2003
If you were to draw a straight line from prime jumbo mortgages to subprime mortgages, at what point would you place Alt A mortgage products? Somewhere in the middle, suggest Credit Suisse First Boston securities analysts in a study exploring the growth of Alt A hybrid mortgages and where they fit in the broader non-agency market. The study also recommends a method, which the analysts