the three C's: creditworthiness, capacity, and collateral

Posted on August 11, 2008 8:47 PM about the Great Housing Bubble | |

I thought I understood the difference between prime, alt-A and sub-prime mortgages. Until I read this fascinating article.

Reflections on Alt-A

by Tanta

Monday, August 11 2008

read it on Calculated Risk

It never ceases to surprise me how a little bit of history changes one's whole understanding of things.

The three C's indeed. My takeaway from the article is an even stronger feeling that the people in the know did know and they let us down. It is frustrating how much damage greed can do.

Leave a comment

There are two ways to leave a comment:

  1. Enter a name and valid email and then answer the Captcha. (Email is not shown.)
  2. Users with accounts should ignore the Captcha but click “preview” to sign in.

One can create an account on this blog (Movable Type) or use authentication from several other sources, including OpenID, LiveJournal, Vox or TypeKey.