1. Stability of Income
Change Date
March 29, 2010
4.D.1.cc. Analyzing a Borrower's Employment Record
When analyzing the probability of continued employment, lenders must examine
- the borrower's past employment record
- qualifications for the position
- previous training and education, and
- the employer's confirmation of continued employment.
Favorably consider a borrower for a mortgage if he/she changes jobs frequently within the same line of work, but continues to advance in income or benefits. In this analysis, income stability takes precedence over job stability.
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