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Ubs Sells Distressed Credit To Kkr, Sound Point
REwatch: How Credit Scores Affect Mortgage Rates
6, 2013 12:32 p.m. ET UBS AG sold a portfolio of more than $500 million of risky corporate debt and other assets to a credit unit of KKR & Co. and asset manager Sound Point Capital Management L.P., according to people familiar with the transaction. The Swiss-based bank and the funds finalized the transaction on Nov.
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![[image]](http://s2.wsj.net/img/wsj_select_p_377x107.gif)
Here are some unique features I discovered that separate the two entities. Bank When compared to a credit union, a bank is more focused on making money.
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Differences in Banks and Credit Union
Level of debt is fairly self-explanatory. Your debt-to-income ratio (DTI) is one of the first things a lender will look at in order to determine if you have enough income to cover your new mortgage payment plus any existing monthly debts such as credit cards, auto loans and student loan payments.
For the original version including any supplementary images or video, visit http://www.nwitimes.com/lifestyles/home-and-garden/rewatch-how-credit-scores-affect-mortgage-rates/article_fdf5d100-636a-5abc-a581-87a920defc68.html