I cant help but wonder about all the people who are "temporarily" laid off, and more importantly all the people who are presently working that will lose their jobs in the next 30 days as employers realize this situation is going to last many months, and they cant afford to keep them on the payroll anymore.  People run out to refinance, then 2-4 weeks later they lose their job.  I would think the lenders would need to take into consideration each applicants chance of keeping their job during this.  Because once you lose your job, it will take some time for employers to start hiring again.  I just foresee everyone trying to lower their mortgage payment knowing they may lose their job, hoping they cold afford a smaller payment, but then still cant make the payment, and the foreclosure rates would be exorbitantly high.  I'm very concerned because I have several friends (all in different industries) who have been told that their employer will try to keep the doors open, but if things don't start to turn around in 30 days, they will let go of half the staff, and then have to close the doors in the following 30 days if something doesn't change. Maybe a lot of refi applicants will be denied for this reason, prior to a search even being done.  And I think a one time check from the government is putting a one foot patch over a six foot and growing hole.  I don't know.  Stressful times.

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