AgentMortgage

Mortgage brokers may play role in lock failures

Having a third party can 'obscure' who's to blame in loan pricing
Published on Jan 12, 2004

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by CareyBot

Recent months have seen a flurry of lock failures – refusals by lenders to honor mortgage prices that borrowers had believed were guaranteed. Last week I discussed some reasons why this happens. That discussion assumed, however, that the borrower dealt ...

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