Slower Loan Processing Expiring More Rate Locks
admin2011-01-14T05:30:40-07:00January 14, 2011 (Shirley Allen) As rates have risen, the number home buyers seeking a rate lock on their mortgage loan application has increased, but new rules and regulations are increasing the amount of time it takes to finish processing their loan, and borrowers are facing the prospect of higher mortgage rates or increased loan [...]