Posted To: Pipeline Press

Loan originators in our business see potential borrowers whose monthly mortgage payments would be less than their rent payments but don’t qualify for credit or income reasons. The U.S. Census Bureau published some findings on workers being hardest hit by the COVID-19 pandemic. Self-employed workers are more likely to face economic hardships in the states most affected by the virus . Other results showed that higher levels of education were less likely to lead to food shortages. And younger workers, ages 25 to 39, were more likely to report either “sometimes not having enough to eat” or “often not having enough to eat” in the past week than adults ages 55 and above. On a less serious note, there appears to be no truth to the rumor that the CDC recommends trying…(read more)

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Source: Mortgage News Daily