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Home » Store » Taxable » Nonprime Lenders Target Alt A Space For Growth

Nonprime Lenders Target Alt A Space For Growth

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Taxable

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Traditional subprime lenders are finding opportunities up the credit scale with new programs aimed at Alt A borrowers. The focus on better credit business isn’t new. Subprime lenders long ago began to address loan pricing and performance issues by focusing most of their efforts on “just miss” borrowers, usually labeled A-, who have debt ratios, credit profiles, or other characteristics that are just outside of what is needed to qualify for a conventional mortgage. …
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