[FoRK] HireRight -- employment background checks -- be prepared to give your ENTIRE work history

Joseph S. Barrera III joe at barrera.org
Tue May 14 23:45:10 PDT 2013

On 5/14/2013 12:51 PM, Gregory Alan Bolcer wrote:

 > I won't even tell you guys about government mandated guidelines for 
mortgage refinancing at this point...
 > Gawd forbid you ever took a *voluntary* pay cut in exchange for 
equity worth a minimum of several multiples of that cut any time in your 

Is it that they don't like your current salary and are not accounting 
for the equity, or is it that the bare fact of the pay cut that 
indicates to them that your income is not "stable"?

I may have mentioned this before, but I've seen Bank of Ass* claim that 
the feds required this and that for a mortgage, but then my credit union 
appeared to be under no such requirements. Who knows, maybe the fed 
requirements really are different between big banks and credit unions? 
At any rate, the refinance (actually, two different refinances for two 
different houses) were a lot easier with the credit union (Meriwest).

BTW, Katy had the hardest time explaining to Bank of Ass that even 
though she only WORKS n months of the year, she actually gets PAID 12 
months of the year. The fact that she earned extra money in the summer 
further bothered them because her income fluctuated and thus was not 

- Joe

P.S. Apologies for subject/verb and tense errors. I'm tired.

*That is what B of A stands for, right?
Sent from my CDC 6600

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