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Alt-A mortgages accounted for 23% of US market in 2006

According to Credit Suise, Alt-A (low-teaser interest rates for limited time period, often large mortgages with little deposit required) and Option ARMs accounted for around 23% of total home purchase originations in 2006.

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Alt-A mortgages accounted for 23% of US market in 2006
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Big monthly payment increases when Option ARMs reset
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