‘Alternative’ Mortgage Business Digs Into Mainstream, IO Loans Hang On
June 12, 2008
Investor appetite for “alternative” mortgage loans remained tepid in early 2008, but interest-only loan programs appear firmly rooted at Fannie Mae and Freddie Mac. Only about $44.5 billion of alternative mortgage loans were originated during the first quarter of this year, down 43 percent from the previous three-month period, according to... [Includes three charts]