I&039;ve authored repeated rants to the effect that burgeoning troubles in the mortgage market were caused by high risk loans, regardless of whether those loans were "subprime." This distinction recently became clear to the mortgage lending company called American Home Lenders, or AHL for short. AHL wrote very few subprime mortgages, but rather dealt primarily in "Alt-A" mortgages -- loans that are risky by virtue of their features, but made to borrowers with good credit. The company announced on Fri[...]
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[Source: The Money Blogs]
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