Re: Income on Applicatio
[ Edited ]
ns for Credit
01-08-2013 01:28 PM - edited 01-08-2013 01:29 PM
No. It does not require a bank to ask for HHI. If they just ask for "income" it is reasonable to interpret that as HHI. If they ask, and they are absolutely allowed to do this, for individual income then individual income is what should be used. Prior to this, banks were not supposed to consider anything but individual income.
10/17/11 EQ-633, TU04-652, EX-681 All lender Pulls
12/21/2012 TU98-677 (39% Util)
01/21/2012 EQ - 661 (37% Util) SW Alert