Historical data suggests that over the past five years Alt-A mortgage loans have performed slightly worse than prime loans but better than subprime loans, Moody’s noted
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It was the subprime mortgages that brought the 2007 housing market to the worst real estate crisis since the depression. In a move that could lead some to have flashbacks of the housing crisis, a new AAA-rated mortgage bond is about to hit the market, but what makes this new mortgage bond a blast from the past is the fact that it features pre-crisis subprime and Alt-A mortgages.