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 Zandi angleborrowercredit share on social
Past experience with fiscal austerity at home and overseas strongly suggests that it is best for the economy's long-run performance to restrain government spending rather than raise taxes. Mark Zandi austerityeconomyexperience Change image and share on social
No one should expect the value of their house to appreciate quickly - counting on your home to be a significant part of your retirement saving isn't a winning strategy - but it is reasonable to expect that prices generally will rise with at least the rate of inflation for some time to come. Mark Zandi countexpectgenerally share on social
The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it - as proposed by President Barack Obama. This would cut the fiscal drag by almost half. Mark Zandi barackclearcurrent share on social
Distressed properties are often vacant and in disrepair, and thus sold at significant discounts. As the share of distressed sales grows, home prices fall. Mark Zandi discountdisrepairdistress Change image and share on social
In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world. Mark Zandi crisisdifferenceeconomic Change image and share on social
It's time to pull the bandage off America's foreclosure problem. The economy is ready to emerge from its recent dark period, but to make it happen soon we need to speed the resolution of millions of troubled home loans. Six years have passed since the crisis began, yet instead of accelerating, foreclosures have slowed. Mark Zandi accelerateamericabandage share on social
I've done work for both Democrats and Republicans. Mark Zandi democrathaverepublican Change image and share on social