Some individuals who obtain these products may have to pay points or buy insurance, especially individuals with FICO scores below 660 who are only eligible for their subprime variety.
These products are invested in by RÂ·EÂ·MÂ·IÂ·Cs and investments based on them are the most common ones divided into PÂ·O and IÂ·O tranches. The "Alt-A" type of these products is contrasted the "conforming" type of these products, which is also known as the "agency" type because it can be guaranteed by the GÂ·SÂ·Es. The book Liar's (*) Poker describes Lewis Ranieri's invention of a method to securitize these products. Varieties of these products known by the acronyms SÂ·IÂ·SÂ·A and NÂ·IÂ·NÂ·A are derogatorily called the "liar" type. Some individuals who obtain these products may have to pay points or buy insurance, especially individuals with FICO scores below 660 who are only eligible for their subprime variety. For 10 points, name these loans which are taken out to purchase a home.
These products are invested in by RÂ·EÂ·MÂ·IÂ·Cs and investments based on them are the most common ones divided into PÂ·O and IÂ·O tranches.
mortgages [accept mortgage-backed securities or MBS or mortgage bonds or any other answer containing mortgage that indicates a fixed income investment; prompt on "loans" or "home loans" or similar answers] 