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Why Mortgages Are Taking Longer to Go Through
Manage episode 155048830 series 1144137
Το περιεχόμενο παρέχεται από το Vallee Gold Team. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Vallee Gold Team ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
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Last October, the Dodd-Frank ruling finally went into effect and changed a lot of rules for mortgage lending. It doubled, maybe tripled the workload of lenders behind-the-scenes, so lately we’ve run into frequent delayed and extended closings.
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Very few lenders have been able to do the standard 30-day close.
”Write your closing date out into the future, around 35-45 days. With the recent changes, very few lenders have been able to do the standard 30-day close with these new rules and regulations.
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