Quest for Better Business Fuels Growth of ‘Alt-B’ Subprime Securities Sector
February 13, 2004
The Alt-A market was one of the hottest sectors of the non-agency MBS world in 2003, as investors were drawn by slightly higher yield and the promise of better prepayment performance than the generic jumbo market. Like many successful businesses, the Alt A market has spun off a new venture: the Alternative B MBS program. Although definitions are squirrelly in the non-agency MBS industry,