Prompt Closing Timelines, Smoother Pre-Approvals Would Improve Purchase-Mortgage Originations
October 24, 2013
Real estate agents are frustrated with lenders missing closing deadlines and providing unreliable pre-approvals for homebuyers, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. The survey of about 2,000 real estate agents completed in early October found that some lenders routinely extend their deadlines due to loan processing issues, causing problems for homebuyers. “Some lenders move...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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