Appraiser Shortage Continues to Delay Loan Closings In Market With Strong Purchase-Mortgage Demand
October 27, 2016
The share of home sales that experienced a delayed closing because of appraisal-related issues remained elevated in September, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Industry participants suggest that the strong market for purchase mortgages has led to a backlog of appraisals. Appraisal issues accounted...