Nov 26, 2012 10:26AM Even if you had to have the borrower come back to resign a document, or you had to eat a one day extension, or locked a loan under the wrong program, it isn't as bad as this . I am often asked, "Have you seen any CFPB exam results ? Have any fines been leveled? Are the mortgage companies that have been audited, such as Stearns or Guild, under some type of secrecy order?" Well, just like the results of your IRS audit, or an FDIC exam of a bank, to the best of my knowledge the results are not made... Nov 26, 2012 3:23PM Mortgage rates once again saw a greater-than-normal degree of stratification between lenders, meaning that some of them offered lower rates today while others moved their rate sheets higher. This is partly due to the relative mess that the Thanksgiving holiday makes of US markets every year. Because Friday was only a half day (for markets, officially) and because Thursday is a full market closure, many lenders simply choose to stay closed on Friday and thus, do not put out rate sheets. Those that...
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