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  • March 7, 2008 at 8:53 PM #166302
    equalizer
    Participant

    45% ratio caused the bubble. every mortg. cal on the planet uses 28/32% ratios, but Fannie of course doesnt care. Fitch/Moodys/S&P should cut Fannie/Freddie to junk, but, of course they wont because they suffer ZERO conseqences for yes, causing this credit problem. All the mutual fund/pension managers should tell these credit bozos to take their BS reports and burn them. But of course these managers dont give a hoot either because, hey its not their money. And I’m in a really good mood, otherwise I wouldn’t be so polite.

    March 7, 2008 at 9:02 PM #165891
    gdcox
    Participant

    I am ignorant about these rules. Please help.

    DTI. Does that mean that someone with a pre-tax income of $200K can only borrow $90K?

    Are these not jumbo loans. Why would a normal first time buyer want a jumbo loan?
    Thanks Graham

    March 7, 2008 at 9:02 PM #166208
    gdcox
    Participant

    I am ignorant about these rules. Please help.

    DTI. Does that mean that someone with a pre-tax income of $200K can only borrow $90K?

    Are these not jumbo loans. Why would a normal first time buyer want a jumbo loan?
    Thanks Graham

    March 7, 2008 at 9:02 PM #166216
    gdcox
    Participant

    I am ignorant about these rules. Please help.

    DTI. Does that mean that someone with a pre-tax income of $200K can only borrow $90K?

    Are these not jumbo loans. Why would a normal first time buyer want a jumbo loan?
    Thanks Graham

    March 7, 2008 at 9:02 PM #166220
    gdcox
    Participant

    I am ignorant about these rules. Please help.

    DTI. Does that mean that someone with a pre-tax income of $200K can only borrow $90K?

    Are these not jumbo loans. Why would a normal first time buyer want a jumbo loan?
    Thanks Graham

    March 7, 2008 at 9:02 PM #166307
    gdcox
    Participant

    I am ignorant about these rules. Please help.

    DTI. Does that mean that someone with a pre-tax income of $200K can only borrow $90K?

    Are these not jumbo loans. Why would a normal first time buyer want a jumbo loan?
    Thanks Graham

    March 7, 2008 at 9:46 PM #165906
    Eugene
    Participant

    That means that someone with a pre-tax income of $200K can have his total debt obligations (mortgage, property tax, car loan payments, credit card payments) up to $90K/year or $7500/month.

    March 7, 2008 at 9:46 PM #166224
    Eugene
    Participant

    That means that someone with a pre-tax income of $200K can have his total debt obligations (mortgage, property tax, car loan payments, credit card payments) up to $90K/year or $7500/month.

    March 7, 2008 at 9:46 PM #166231
    Eugene
    Participant

    That means that someone with a pre-tax income of $200K can have his total debt obligations (mortgage, property tax, car loan payments, credit card payments) up to $90K/year or $7500/month.

    March 7, 2008 at 9:46 PM #166235
    Eugene
    Participant

    That means that someone with a pre-tax income of $200K can have his total debt obligations (mortgage, property tax, car loan payments, credit card payments) up to $90K/year or $7500/month.

    March 7, 2008 at 9:46 PM #166322
    Eugene
    Participant

    That means that someone with a pre-tax income of $200K can have his total debt obligations (mortgage, property tax, car loan payments, credit card payments) up to $90K/year or $7500/month.

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