Posted To: Pipeline Press

I have to go to Target later today to buy Halloween candy because I went to Target last week and bought Halloween candy. Get it? Here’s another question: In the U.S., what’s the difference between being unemployed and working at Starbucks? Unemployed people got paid more in 2020. (Although in 2022 Starbucks is raising its minimum wage to $15/hour.) Yes, every Thursday we see the previous week’s jobless claims data. The Bureau of Labor Statistics reported on October 12 that 4.3 million Americans quit their jobs in August 2021, the highest number ever recorded. It was also the sixth consecutive month of unusually high resignation rates across the U.S. I mention this because a) resigning from a job does impact a borrower’s ability to repay, and b) “Trimming the fat”…(read more)

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Published On: October 28, 2021 / Categories: Mortgage News /