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A comment on US homebuilding surges as coronavirus sparks flight to suburbs, rural areas. Parent comment

Re:US homebuilding surges as coronavirus sparks flight to su... by sfkdjf9j3j on Friday July 17, 2020 @12:10PM (#23872054)
Do lenders let you get a mortgage if your income is unemployment payments that run out in 20 weeks? I would assume not, but maybe there are regulations that require them not to consider the source of the income if its from unemployment.
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Re:US homebuilding surges as coronavirus sparks flight to su... by nanl2053 on Saturday July 18, 2020 @06:59AM (#23880515)
It’s not unemployed people getting new loans, it’s that they can continue to pay their existing loans preventing foreclosures and a drop in housing prices. Banks absolutely consider source of income, length of employment, type of employment.
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