109 N San Saba, San Antonio, TX 78207, USA
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Wells Fargo claims they have to use 100% of the minors income because it is considered the mothers income. We sent in a LOE advising that the borr volunteers a certain amount but the underwriter advised they must use all of the daughters income because it goes directly into her banking account.

They used 100% of the daughters income and they denied her for sufficient income. We feel this review was not fair and ethical. The disabled daughters income should have not been used on how the lender chooses to do so. The Borr should have that choice.

The hamp handbook clearly states that the borr must volunteer the income and how much.

Wells Fargo determined that the daughter is not a contributor because she is a minor. This property has a sale date for 2/7/17.

Product or Service Mentioned: Wells Fargo Loan Modification.

Reason of review: Other issue.

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What exactly is difficult to understand? You HAVE to use gross income/welfare. If not, every welfare scam artist in the world would find out ways to lower the net (if only they spent as much time looking for a job) income.