Mortgage Professional America forum is the place for positive industry interaction and welcomes your professional and informed opinion.

CFPB issues guidelines on Social Security disability income applicants

Notify me of new replies via email
Mortgage Professional America | 19 Nov 2014, 07:50 AM Agree 0
The regulator says some disabled consumers have complained they have been grilled excessively during mortgage process.
  • ky | | 19 Nov 2014, 08:34 AM Agree 0
    yeah, I never understood why we had to prove 3 years. Dumb
  • NotDumb | | 21 Nov 2014, 11:31 AM Agree 0
    Really ky? It's "dumb" to want to make sure your clients income won't change dramatically a few months after closing, potentially causing all sorts of affordability issues?

    Wouldn't it actually be "dumb" to approve someone for a mortgage if you know for a fact that a portion of their income, used to qualify them, will go away soon?
Post a reply