Mayer, Christopher J.; Pence, Karen M.; Sherlund, Shane M. - 2008
Development (HUD) has been compiling a
list of lenders who specialize in subprime mortgage lending. About 700,000 mortgages were … subprime or Alt-A pools. These data appear to cover 90 percent or more of
securitized subprime mortgage originations (Mayer … to 2006, whereas the Alt-A share with a piggyback rose from 12
to 42 percent.
Subprime mortgage originations had much …