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?
Mark ZandiYes. I don't think it would be appropriate at this point to raise taxes on anyone, certainly not in 2011.
Mark ZandiThe most important point is, in a time of crisis, there is no way out but for the government to be bold and aggressive.
Mark ZandiThere is no better way to quickly buoy hard-pressed homeowners than helping them take advantage of the currently record low fixed mortgage rates and significantly reduce their monthly mortgage payments.
Mark Zandi