We’re getting job creation in healthcare and educational services. We’ve been getting that all along. It’s demographically driven, it’s funded by the government, and that’s held up.
Mark Zandi Quotes
Lenders look at potential borrowers from many angles before extending credit: How much of its income will a household need to put into debt repayment? How large is the down payment? Does the borrower have a job with a stable income? What is the borrower's credit score?
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- Ernst TollerComments on: "Mark Zandi Quotes: Lenders look at potential borrowers from many angles before extending credit: How much..."
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Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
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There is plenty of blame to go around for the U.S. housing bubble, but not much of it belongs to Fannie Mae and Freddie Mac. The two giant housing-finance institutions made many mistakes over the decades, some of them real whoppers, but causing house prices to soar and then crater during the past decade weren’t among them.
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Today's Anniversary - 23rd November
Births
- 1920 - Paul Celan
- 1909 - Nigel Tranter
- 1911 - Marjorie Pay Hinckley
- 1955 - Mary Landrieu
- 1934 - Robert Towne
Deaths
- 1990 - Roald Dahl
- 1995 - Louis Malle
- 1991 - Klaus Kinski
- 1979 - Merle Oberon
- 1992 - Roy Acuff
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