{"id":195608,"date":"2008-06-26T23:11:00","date_gmt":"2008-06-27T04:11:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/06\/26\/alt-a-loans-join-subprime-in-default\/"},"modified":"2008-06-26T23:11:00","modified_gmt":"2008-06-27T04:11:00","slug":"alt-a-loans-join-subprime-in-default","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/06\/26\/alt-a-loans-join-subprime-in-default\/","title":{"rendered":"Alt-A Loans Join Subprime in Default"},"content":{"rendered":"<p>Alt-A loans are technically prime loans, though they are low quality prime loans that bridge the gap between sub-prime and regular prime loans, and <a href=\"http:\/\/www.housingwire.com\/2008\/06\/26\/alt-a-performance-gets-much-worse-in-may\/\">their performance tanked in May<\/a>, with delinquencies greater than 60 days, roll rates<sup>*<\/sup>, and loss severity all rising.<\/p>\n<p>There never was a sub-prime crisis.  There is a housing crash.<\/p>\n<p><sup>*<\/sup><span style=\"font-size:78%;\">Roll rates capture the number of loans moving from current to delinquent each month.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alt-A loans are technically prime loans, though they are low quality prime loans that bridge the gap between sub-prime and regular prime loans, and their performance tanked in May, with delinquencies greater than 60 days, roll rates*, and loss severity all rising. There never was a sub-prime crisis. There is a housing crash. *Roll rates &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1088],"tags":[],"class_list":["post-195608","post","type-post","status-publish","format-standard","hentry","category-finance","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195608"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=195608"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195608\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=195608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=195608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=195608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}