Appraisals and Property Issues Accounting For Larger Share of Mortgage-Closing Delays
February 26, 2015
Property characteristics and appraisals have accounted for an increasing share of the issues that delay closing of purchase mortgages, according to the latest Campbell/Inside Mortgage FinanceHousingPulse Tracking Survey. Real estate agents participating in the survey cited property issues as causing 22.5 percent of closing delays in January, based on a three-month moving average. That’s up from a 16.5 percent share as recently as October. The increase appears...
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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