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Lenders Become Proactive, New York Times, 11/28/08

Lenders Become Proactive

Lenders are willing to change the loan terms if homeownership costs exceed 38 percent of gross monthly income — a measure known as the debt-to-income ratio.

By BOB TEDESCHI, The New York Times, November 28, 2008

For entire article, go to:
http://www.nytimes.com/2008/11/30/realestate/30mort.html

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Official Carleton H. Sheets® Website

Lenders Become Proactive

Lenders are willing to change the loan terms if homeownership costs exceed 38 percent of gross monthly income — a measure known as the debt-to-income ratio.

Official Carleton H. Sheets^® Website