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 ZandiInvestor demand for distressed property has been healthy, as rents rise to levels that can cover investors' costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general.
Mark ZandiThey called me the sexiest economist in America, and that was years ago, when I had hair and body mass and my teeth were shiny.
Mark ZandiI only have two things in my life, my family and work. If there's any time left over, then I play sports.
Mark Zandi