Relevant:
- Auto-loan quality to deteriorate further, forcing tighter underwriting
- Feds: Bank of America defrauded investors of `prime' mortgage securities
- Fitch - Horrid Alt-A Performance Drivers Revealed
- Moody's Largely Downgrades $1.4 Billion In Subprime RMBS
- Moody's Downgrades $7.25 Billion Of Subprime RMBS
2007-07-31 — reuters.com
"Actual performance of weaker Alt-A loans has in many cases been comparable to stronger subprime performance, signaling that underwriting standards were likely closer to subprime guidelines"... This is likely the beginning of the end of the Alt-A bonanza.
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