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.
Higher debt-to-income ratios
are associated with greater repayment challenges.
counties with the lowest debt-to-income ratios
, house prices didn't fall and the fall in consumption wasn't as dramatic.
In 2002/2003 they were offering loans in targeted zip codes that allowed people with subprime credit to obtain approval with 3 percent down with ridiculously high debt-to-income ratios
, at rates given to 'a' credit borrowers.
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
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
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.