Alt-A: next to wobble?

Bloomberg’s Mark Gilbert has written an interesting piece (read here) about the recent turbulence in credit markets. In particular it’s worth noting Moody’s comment that the next level of loans up in quality from sub-prime, the "Alt-A" mortgages, look to be showing the same level of distress as the supposedly weaker loans. Loose lending standards, and falling house prices are a toxic mix for US mortgage backed credit.

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