Political Quotes

Gregory Meeks: “On those live issues, for example, because that is what I also have concern about where the debt to income capital for…”

On the recordMay 20, 2013
On those live issues, for example, because that is what I also have concern about where the debt to income capital for 43 percent looks like it unduly reduces the credit for low- and moderate-income borrowers especially, you have young people who are buying homes for the first time or who still have student loans, so this could just knock them out of the market altogether, of being able to look forward to buying a home, and so that is a huge impact, I would think.
Said by
Gregory Meeks
Democratic · New York
Source
congress.gov

Editor's note · Context

Meeks expresses concern about credit access for low-income homebuyers due to debt-to-income ratios.

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