New Survey of Mortgage Brokers Highlights the Convergence of Prime, Alt A and Subprime Markets
November 23, 2005
The mortgage production business has become a much diversified market in 2005 as most originators now routinely offer a varied menu of prime, Alternative A and subprime loans. That’s one of the many conclusions found in a new nationwide study of mortgage brokers and their views towards wholesale lenders. According to the study, there has been a significant convergence of the prime, Alt A or low doc, and subprime mortgage…