http://blownmortgage.disqus.com/Mortgage and finance with a sarcastic bentenFri, 02 May 2008 14:58:03 -0000http://blownmortgage.com/2008/05/02/fifth-third-says-no-way-to-alt-a/#comment-408542i agree - alt-a is a great euphemism for undocumented income.morganbFri, 02 May 2008 14:58:03 -0000http://blownmortgage.com/2008/05/02/fifth-third-says-no-way-to-alt-a/#comment-408531ALT A is nothing more that subprime one level up!!!. simple means you have "good " credit on a 50K income but you want that 400K house....they call it over-extended...tonyFri, 02 May 2008 14:55:33 -0000http://blownmortgage.com/2008/05/02/fifth-third-says-no-way-to-alt-a/#comment-407770One must define Alt-A. 5/3 was always fairly conservative with their Alt-A anyway. With higher GSE limits (essentially what was Alt-A jumbo) and other programs things have not changed a whole lot. They really just got rid of some odd-ball programs. Bottom line: they are tightening up like everyone else. Many of these lenders will not even do some FNMA programs because the warrants are so restrictive now. FNMA is the 800 pound gorilla.TobyFri, 02 May 2008 12:38:47 -0000http://blownmortgage.com/2008/05/02/fifth-third-says-no-way-to-alt-a/#comment-407759i agree - that's the first thing i say for every one of these non<br>cookie-cutter loan program roll-back announcements...morganbFri, 02 May 2008 12:36:03 -0000http://blownmortgage.com/2008/05/02/fifth-third-says-no-way-to-alt-a/#comment-407745I'm surprised it took them that long under these circumstancesChuckFri, 02 May 2008 12:32:18 -0000http://blownmortgage.com/2008/05/02/fifth-third-says-no-way-to-alt-a/#comment-407566Does anyone know if their Alt-A program was manually underwritten or was it a DU loan?EricFri, 02 May 2008 11:59:23 -0000