Percent Of Gross Income Mortgage
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Question: Is this citation incorrect?
“Under the $75 billion program, homeowners whose monthly mortgage payments are more than 31% of their gross income are eligible for modified loans with interest rates as low as 2 percent. Bank of America has modified only 4 percent of the eligible mortgages, and Wells Fargo has modified 6 percent.” Both of these institutions received federal bailout money. (Fuller 1)
I put the citation at the end because BOTH sentences are ideas from the same source that I thought needed to be cited, even though the second sentence is not a direct quote it was still an idea taken from Fuller. Did I need to put Fuller after both sentences?
Answer: In my mind, the direct quote is pretty obvious and I would be inclined to include it as part of the single Fuller cite.
Diane Gerdes – Declining Income and Mortgage Qualifying
