Doubts Persist About Alt Products in Subprime Space
Interest-only loans, piggybacks, and other forms of affordable mortgage products have taken root in the subprime market. But while no one expects those products to go away any time soon, lenders and some investors have very different views regarding their risk profiles. Those differences were evident in discussions at this week’s American Securitization Forum conference in Las Vegas, where talk focused on the merits – and potential problem spots – of a number of…