Alt-A

Deutsche Trims U.S. Mortgage Holdings in Q2 

Deutsche Bank [stock DB][/stock] took its turn at the earnings table Thursday and said that second-quarter net profit fell 64 percent to 645 million euros ($1 billion) after it wrote-down another 2.3 billion euros ($3.6 billion) on its exposure to mortgage-backed securities — mostly Alt-A, it should be noted — as well as exposure to troubled bond insurers.