More People Are Talking About ‘Alt B,’ But Segment’s Definition Remains Vague
April 13, 2006
Many mortgage finance experts agree that there is an Alt B segment in the market somewhere near the intersection of low documentation and near-prime borrower credit, but few admit to actually doing business there. Maureen Bolton, a senior vice president and manager of international finance at HSBC US, said the Alt B market has had a noticeable impact on the Alt A market. “People don’t want to use the Alt B phrase, which is why…