It's time to change the way you lend.

Ready to get started? Complete this form and our sales team will be in touch promptly.

Why millions of prospective borrowers are stuck in ‘no man’s land’ (HousingWire)

The White House’s March jobs report showed encouraging job growth one year after the first pandemic-related unemployment claims. Still, the Biden administration says the economy remains down nearly 8.5 million jobs year over year. It’s expected to take at least through the end of 2021 — and maybe a lot longer — to get back to pre-pandemic levels.

That means there are still millions of unemployed Americans, and when employment is uncertain, so is income. Uncertain borrower income spells risk for lenders and investors, who tend to respond by tightening their underwriting guidelines. This seems sensible — but it also has unintended consequences.

Read the full article in HousingWire by Brent Chandler.

More Related to This Article

Link to Connect Episode 58 | Brent Chandler, Founder & CEO, FormFree

Connect Episode 58 | Brent Chandler, Founder & CEO, FormFree

FormFree’s Brent Chandler joins California MBA for another episode of #CMBAConnect.   Listen to the full recording at  CMBA Connect

Read More