another indicator of the duration of mortgage quality and the right figure is the percent of nonprime loans with low or no documentation. if you think about this, this is kind of perverse. loanu're going to make a to somebody whose credit is shaky, who doesn't have a down payment and maybe their fica score is low and so on, you'd think you would want to ask them even more questions about their income and prospects but in fact it went the other way. and you can see by 2007, 60% of nonprime loans had little or no documentation to describe the creditworthiness of the borrower. so there clearly was an ongoing deterioration of mortgage quality. go, this situation couldn't on forever. this picture shows the house -- sorry. this picture shows the debt service ratio as house prices went up and up and up. the amount of income or the share of income being spent on your monthly mortgage payment went up, and as you can see, eventually the mortgage payments became quite large share of personal disposable income, finally reaching the point that the cost of homeownership was high enough that it bega

donde las autoridades estatales se ininvoan en asuntos de inmigración, hasta que ase aseguran que nonprimona , argumentando que esta provocaría un exodo de inmigrantes indocumentados hacia otros estado@@primer imp. extra apelaciones reconsiderar una crítica que fuera hecha a la orden que él mismo impartió al obligar a prisioneros a usar ropa interior rosa. y el preso creyó equivocadamente que lo iban a violar, la corte dijo que esa vestimenta no tiene justificación legal >>> los legisladores decidieron hoyunivis detener temporalmente toma de decisiones, respecto a una ley, hasta que se produzca la decisión de la corte suprema sobre leyes similares en otros estados, detractores de la ley dicen que no dejarán de protestar >>> dicen que muchos inmigrantes que son víctimas de crímenes, informen a las autoridades, aunque existen 5 mil visas que se otorgan a víctimas de univiso humano, muchos se abtienen de denunciar, el año pasado se entregaron apenas 557 visas. un juez de hounivn deberá determinar el futuro du en niñov >>> todos los días encotnramos más información, y miguel no va a estar más

i think nonprime instead of sub-prime.-prime with the lowest quality in terms of the credit of the borrowers but there were other mortgages that were below so-called prime mortgages and other types of mortgages that were also not up to the additional standards of credit underwriting so i say nonprime. what was happening again was that essentially lenders, mortgage lenders were moving further down the credit spectrum lending to more and more people whose credit was less stellar. you can see this in a number of different ways. on the left side of this picture is the percentage of mortgage origination's that new mortgages created that were nonprime. that is sub-prime or all-day or some other lower-quality mortgage and you can see a sharp increase particularly in the middle of 2,002,006 almost a third of all mortgages that were originated were nonprime. another indicator of the consideration of mortgage quality in the right figure is% of nonprime loans with no or low documentation. if you're going to make a loan to somebody wh

another indicator of the duration of mortgage quality and the right figure is the percent of nonprime loans with low or no documentation. if you think about this, this is kind of perverse. if you're going to make a loan to somebody whose credit is shaky, who doesn't have a down payment and maybe their fica score is low and so on, you'd think you would want to ask them even more questions about their income and prospects but in fact it went the other way. and you can see by 2007, 60% of nonprime loans had little or no documentation to describe the creditworthyness of the borrower. so there clearly was an ongoing deterioration of mortgage quality. now, this situation couldn't go on forever. this picture shows the house -- sorry. this picture shows the debt service ratio as house prices went up and up and up. the amount of income or the share of income being spent on your monthly mortgage payment went up, and as you can see, eventually the mortgage payments became quite large share of personal disposable income, finally reaching the point that the cost of homeownership was high enough th