TITLE

Stuck with Rate Locks in Refi Traffic Jam

AUTHOR(S)
Julavits, Robert
PUB. DATE
May 2001
SOURCE
American Banker;5/8/2001, Vol. 166 Issue 88, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the effects of the refinancing boom and the strong purchase-loan market on thirty-day rate locks in the United States. Lengthening of the time it takes to make a loan; Efforts of brokers, lenders and third-party providers to keep up with demand; Problem of staffing for originators.
ACCESSION #
4454769

 

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