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#1901251 - 02/28/14 06:18 PM How to report income if job ends in 6 mos?
Toto Too Offline
100 Club
Joined: Nov 2004
Posts: 103
Southeast
Last minute HMDA question--
Applicant has income now but job will end in 6 mos & has nothing lined up.
Request is declined for temporary-irregular employment.
Report what he earns now or NA?

Thank you!
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#1901257 - 02/28/14 06:31 PM Re: How to report income if job ends in 6 mos? Toto Too
Truffle Royale Offline

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Joined: Jul 2003
Posts: 17,349
Report the income that was used in making the decision.

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#1901273 - 02/28/14 06:43 PM Re: How to report income if job ends in 6 mos? Toto Too
Toto Too Offline
100 Club
Joined: Nov 2004
Posts: 103
Southeast
I've been chasing my tail on that very issue.
What would you do?
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#1901321 - 02/28/14 07:18 PM Re: How to report income if job ends in 6 mos? Toto Too
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,349
HMDA is application based. What did the applicant say their income was on the application? That's what I'd report along with the denial code for temporary-irregular employment. That tells the whole story.

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#1901333 - 02/28/14 07:25 PM Re: How to report income if job ends in 6 mos? Toto Too
Toto Too Offline
100 Club
Joined: Nov 2004
Posts: 103
Southeast
Thank you so much. That makes sense to me.
The applicant did state monthly income from the present job.
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