Alt-A

adj

Alt-A

adj

Etymology Short for Alternative-A paper.

Business, Finance US Of a mortgage loan, that does not conform to the traditional standards of Fannie Mae, but is presented as having an A credit rating, based on the borrower's FICO credit score.

Related terms: liar loan, NINJA loan

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.