Who do such mortgage products benefit?

As a rule, the majority of conventional mortgage lenders in Texas won’t approve a new home loan prior to applicants providing proof of their earnings and passing a mandatory credit check. In fact, many mortgage lenders in the United States will also ask to see evidence of what funds people have available to put down upfront as a down payment on a property.
What, however, if mortgage lenders didn’t have to see and check so much paperwork? Would this make things easier? Well, with Alt-A mortgage products, some mortgage lenders are already offering mortgages with relatively minimal vetting of potential home buyers. The only question is, what is an Alt-A mortgage