The lending community has made strides to improve its services and products in large part by lowering credit standards and raising allowable debt-to-income ratios
An increase in debt-to-income ratios
suggests mortgage credit is loosening.
Impac allows them to document their income using 12 months of recent bank statements and to have debt-to-income ratios
as high as 50 percent.
Generally speaking, banks prefer debt-to-income ratios
no higher than the low 30% range.
NHS presently is receiving funds from the New York Mortgage Coalition, a group of 12 banks that has lowered down-payments to 5 percent, reduced points and application fees, expanded debt-to-income ratios
from the conventional 28 percent/36 percent to 33 percent/38 perc.
Students have the right to choose the education and career path that they will pursue, and not have it restricted by arbitrary debt-to-income ratios
Since 1990, the S&P 500 Index has appreciated nearly 3 1/2 times (4 1/2 times at its peak in late 2000), while average housing prices have almost doubled and continue to accelerate, in a recent speech, Federal Reserve Chairman Alan Greenspan said, "Despite the recent high debt-to-income ratios
Mortgage loans underwritten pursuant to the Expanded Underwriting Guidelines may have higher loan-to-value ratios, higher loan amounts, higher debt-to-income ratios
and different documentation requirements than those associated with the Standard Underwriting Guidelines.
These loans have even higher debt-to-income ratios
than a typical high loan-to-value mortgage and a three-year subsidy buy-down that reduces the initial interest rate as much as 1.
The research also found that despite people on low incomes having the highest debt-to-income ratios
, higher earners tended to have higher levels of debt, with people earning more than pounds 2500 a month after tax having average debts of pounds 45,000.
Sub-prime mortgage loans are generally made to borrowers who do not qualify for financing under conventional underwriting criteria due to prior credit difficulties and/or the inability to satisfy conventional documentation standards, and/or conventional debt-to-income ratios
Mortgage loans underwritten pursuant to the expanded underwriting guidelines may have higher loan-to-value ratios, higher loan amounts, higher debt-to-income ratios
, and different documentation requirements than those associated with the standard underwriting guidelines.