Criteria to consider month-to-month debt-to-earnings ratio otherwise continual income

2. Point (e)(2)(v)(A) does not suggest particularly just how a creditor need certainly to consider month-to-month personal debt-to-income ratio otherwise residual income. Part (e)(2)(v)(A) also doesn’t prescribe a particular month-to-month debt-to-income proportion or residual income endurance that a collector need to follow. A collector ple, consider monthly personal debt-to-earnings ratio otherwise continual earnings from the setting up monthly personal debt-to-income or continual income thresholds for the individual underwriting conditions and documenting how it applied those individuals thresholds to determine the buyer’s ability to repay. Continue reading “Criteria to consider month-to-month debt-to-earnings ratio otherwise continual income”