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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (42647)	1/8/1999 1:19:00 PM
From: yard_man	Read Replies (1) \| Respond to of 132070

Thought you would appreciate this Mike. Credit bubble -- what bubble? biz.yahoo.com >>The term ''trailing income'' refers to a situation where a husband, wife or domestic partner move to a new community to take a job, and the other wage earner in the relationship has not yet secured a new position. Naturally, the goal of the couple is often to get settled in a home first, and then begin the process of nailing down the second income. Until recently, lenders would generally require any home loan to be based on the financial capacity of the relocating partner. But now, there is a mechanism whereby half of the anticipated income of the other person may be included in the calculation of how big a loan the borrowers can afford.<<