One of the most important and often used terms that you might have heard while taking out a loan, whether secured or unsecured is debt to income ratio. This ratio is a valuable number that can be as important as your credit score. It is exactly what it sounds, a ratio between your total debt payments and your total income. This ratio is seen by lenders when they are trying to decide whether or not to extend you a loan and at what rate. The lower the amount of debt to income ratio you have, the higher will be your borrowing capacity. This is because lower ratio implies you have lesser amount of debt. You can use a debt to income ratio calculator to calculate your debt to income (DTI) ratio.
How many types of debt to income ratio are there?
There are basically two types of debt to income ratio, the front end ratio and the back end ratio. Read more…
By Christopher Odonnell on 28-12-2011
This report is for standard sales and bank owned foreclosure Condominiums in Irvine , and is brought to you by the Broker at eVantage Real Estate. Currently, there are a total of 298 condo units currently listed for sale in Irvine . The median price for these listed condominiums is $399,900 and the average price per square foot is $293 . Of this total, 27 are bank foreclosure condo listings. The median price of these bank REO condos is $349,900 , and the average price per square foot is $279 . The ratio of bank owned condo listings to total listings is 9% .
For condominiums, there are now 213 attached units in escrow, and the median price is $389,900 . Of this number, 19 are bank foreclosure Condos in escrow in Irvine . These bank Owned condos are 9% of the total units in escrow, and the median price is $389,900 .
For attached condos, there have been a total of 198 condominium sales in the past 3 months. The median price was $198,000 , and the average price per square foot was $292 in Irvine . In addition, there were 23 bank foreclosure condos that sold and closed escrow during this same period of time, which was 12% of the total number of units sold.
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By Billie Nguyen on 15-12-2011
France’s top central banker, warned that his nation is in danger of losing its AAA credit rating by Standard & Poor’s and Moody’s, on Thursday struck out at ratings agencies, calling them “incomprehensible and irrational,” and also slammed Britain as being more deeply mired in financial woes than France.
Bank of France Governor Christian Noyer said in a Brittany newspaper that there is more politics than economics in the decisions of ratings companies, Bloomberg reported.
“A downgrade doesn’t strike me as justified based on economic fundamentals,” Noyer said. “Or if it is, they should start by downgrading the U.K., which has a bigger deficit, as much debt, more inflation, weaker growth and where bank lending is collapsing.”
Last week, S&P warned it may lower the country’s rating by two levels in a euro-area downgrade; this week Moody’s said that it will review European ratings as well. France carries the highest debt level among top-rated euro zone countries; it amounts to 85% of its GDP. Its financial institutions also carry the heaviest load of debt from five troubled euro zone countries, at $681 billion as of June, according to data from the Basel-based Bank for International Settlements. That makes it vulnerabl
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By Devin Reese on 14-12-2011
A Chicago Tribune headline from last December summed up its place in the ecosystem: “Groupon’s Success Adds Luster to Chicago’s Startup Community.”
Things have changed somewhat, of course, with Groupon experiencing numerous setbacks since filing for an IPO in June. Among them, the company has been forced to amend its S-1 three times to satisfy SEC concerns over its accounting practices; it lost a COO who’d joined five months prior; and an email leaked to the press led the company to cancel its IPO roadshow. Early this week, a financial analysis firm released a report suggesting that Groupon may now be on a “self-reinforcing path to insolvency.”
If Groupon suddenly looks to leave a mixed legacy in Chicago, the city’s startup community is loath to acknowledge it publicly or privately. Indeed, talk with regional entrepreneurs and investors and two things quickly become clear: they say they still believe in Groupon; they also think no matter what happens to the company, their fortunes will not be tied to it.
“Groupon put Chicago on the (startup) map,” said one longtime Chicago VC who asked not to be named. But if Groupon shou
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By Christopher Odonnell on 12-12-2011
Energy provider SSE says it has put aside £5 million to compensate customers who were wrongly persuaded to switch their gas and electricity supply to the company on their doorstep.
From January, the provider is implementing a sales guarantee for household energy customers under which anyone who shows that they switched their energy supply to SSE after being given inaccurate information or being misled will have any resulting financial loss made good.
The guarantee will apply to any household energy sale made by SSE since October 2009, when the industry watchdog Ofgem placed new obligations on energy suppliers to make sure sales activities are conducted in a fair and professional manner.
From late January onwards, SSE will write to all 400,000 of its existing customers who it signed up through the doorstep sales channel between October 2009 and July 2011 to make them aware of the guarantee and to let them know what they need to do if they believe they have suffered any financial loss.
A sales guarantee information line (0845 0707 388) has been set up and a helpline will become fully operational in late January, when SSE starts to write to customers.
While admitting it is not possible to predict precisely how many customers may have suffered financially as a result of switching energy supplier, the provider believes that around £5 million should be sufficient to meet any claims.
SSE became the first energy supplier in Britain to call a halt to commission-based doorstep selling of gas and electricity in July. <
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