All Posts Tagged With: "back ratio"
8 million consumers drop credit cards, improve mortgage standing
More than eight million consumers stopped using credit cards during the past year, a trend which will help people qualify more easily for real estate mortgages and reduce monthly living costs. A new study by TransUnion shows that the use of bank-issued, general purpose credit cards has fallen significantly during the past year. “This deleveraging,” [...]
30Nov2010 | Caroline H. Tucker | 0 comments | Continued
Real Estate: Less Money, Fewer Sales
The Census Bureau is reporting that incomes nationwide fell between 2007 and 2008 under the Bush Administration. ___ Real median household income in the United States fell 3.6 percent between 2007 and 2008, from $52,163 to $50,303. This breaks a string of three years of annual income increases and coincides with the recession that started [...]
14Sep2009 | Peter G. Miller | 0 comments | Continued
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