Mortgages issued to borrowers who fail to document that their incomes are high enough to afford their mortgage payments are known as ________ mortgages.

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Alt-A mortgages are issued to borrowers who have slightly lower credit scores or cannot fully document their income, but still have a relatively low risk of default compared to subprime borrowers. Gray market mortgages refer to loans made outside of conventional channels (e.g. from private lenders), and reciprocal mortgages do not exist as a recognized type of mortgage.

Mortgages Issued to Borrowers Who Fail to Document That Their