Many large financial institutions are facing backlogs of mortgage applications as more homeowners take advantage of low interest rates and the government-sponsored Home Affordable Refinance Program, or HARP.
Borrowers looking to accelerate the process are finding some relief from brokerages and community banks that are not servicing HARP loans.
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQmQ(6VG6 962C5 DE@C:6D 23@FE e_\52J E@ h_\52J =@2? H2:E:?8 A6C:@5D :? D@>6 42D6D[Q D2:5 |:4926= uC2E2?E@?:[ E96 G:46 AC6D:56?E 7@C C6D62C49 2?5 64@?@>:4D @7 E96 |@CE8286 q2?<6CD pDD@4:2E:@?[ 255:?8 E92E =2C86C 32?<D 2C6 QCF??:?8 2E 7F== 42A24:EJ]Qk^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQmp44@C5:?8 E@ E96 |@CE8286 q2?<6CD pDD@4:2E:@? H66<=J DFCG6J C6=62D65 =2DE H66<[ ?62C=J g_ A6C46?E @7 E96 >@CE8286 2AA=:42E:@?D H6C6 7@C C67:?2?4:?8j AC6G:@FD H66<DV DFCG6JD D9@H65 C@F89=J 2 BF2CE6C @7 E96 EC2?D24E:@?D H6C6 wp#!\C6=2E65] wp#! H2D 4C62E65 3J E96 7656C2= 8@G6C?>6?E E@ D:>A=:7J E96 C67:?2?46D @7 9@>6@H?6CD H:E9 >@CE8286D @H?65 @C 8F2C2?E665 3J u2??:6 |26 2?5 uC655:6 |24[ H9@ D66< =6DD @?6C@FD =@2? E6C>D] %96 AC@8C2> H2D 6IA2?565 =2DE 72== 2D wp#! a]_]k^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQmwp#! 3@CC@H6CD EJA:42==J C67:?2?46 H:E9 E96 32?<D E92E @C:8:?2==J D6CG:465 E96:C =@2?D[ 3642FD6 E9@D6 32?<D 2=C625J 92G6 E96:C :?7@C>2E:@?[ |C] uC2E2?E@?: D2:5[ 2?5 QE96C6VD A@E6?E:2= 7@C :E E@ 36 2 =6DD A2:?7F= AC@46DD]Qk^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQm$E:==[ E:89E6C =6?5:?8 DE2?52C5D AC64:A:E2E65 3J E96 >@CE8286 4C:D:D 92G6 >256 7@C 2? 2C5F@FD 2AA=:42E:@? AC@46DD]k^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQmp?5C6H {2E@D[ 2 C62= 6DE2E6 =2HJ6C :? pDE@C:2[ "F66?D[ H9@ 92D C6AC6D6?E65 4=:6?ED :? EC2?D24E:@?D H:E9 3:8 32?<D 2?5 H9@ H@C<65 H:E9 2 3C@<6C E@ D6CG:46 9:D @H? 9@>6 =@2?[ D2JD 96 492C86D >@C6 7@C 4=@D:?8D E96D6 52JD[ 3642FD6 Q2 EH@\9@FC 4=@D:?8 42? BF:4<=J 364@>6 2 7:G6\ @C D:I\9@FC 4=@D:?8]Qk^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQm|@CE8286 3C@<6CD[ 7@C E96:C A2CE[ 2C6 C6A@CE:?8 2? :?4C62D6 :? 3FD:?6DD 7C@> E9@D6 =@@<:?8 E@ DEC62>=:?6 E96 6?E:C6 AC@46DD]k^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQmQ(6 92G6 5:C64E 4@?E24E H:E9 E96 32?<D[ D@ H6 2=H2JD <?@H H92EVD 8@:?8 @? H:E9 J@FC 7:=6[Q D2:5 '2?6DD2 %92E496C[ 2 D6?:@C =@2? @77:46C H:E9 pE=2?E:4 w@>6 r2A:E2= :? #@?<@?<@>2[ }]*][ 6IA=2:?:?8 E92E 2 3C@<6C 42? <66A EC24< @7 E96 2AA=:42E:@? 2D :E Q8@6D E9C@F89 D@ >2?J 92?5DQ 2E 2 =2C86 7:?2?4:2= :?DE:EFE:@?] %92E496C 492C86D 2 766 @7 ` E@ a A6C46?E @7 E96 E@E2= =@2? 2>@F?E]k^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQmqC@<6CD 42? 2=D@ 24E 2D 7:?2?4:2= 4@?DF=E2?ED] Qp 8@@5 A6C46?E286 @7 E96 A6@A=6 H9@ 42== >6 E@ C67:?2?46[ x E6== E96> ?@E E@[Q D2:5 |2C< *64:6D[ E96 AC6D:56?E @7 $F?"F6DE uF?5:?8 :? rC2?7@C5[ }]y] w6 C642==65 2 3@CC@H6C H9@ C646?E=J 42>6 E@ D66 9:> 27E6C 36:?8 E@=5 96 H2D 2 AC:>6 42?5:52E6 7@C 2 C67:?2?46] *64:6D C2? E96 ?F>36CD 2?5 7@F?5 E92E 2 C67:?2?46 5:5?VE >2<6 D6?D6[ 3642FD6 E96 >2;@C:EJ @7 E96 3@CC@H6CVD A2J>6?E H2D AC:?4:A2=]k^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQmq@CC@H6CD >:89E 2=D@ H2?E E@ 4@?D:56C C67:?2?4:?8 H:E9 2 4@>>F?:EJ 32?<] }6H *@C< r@>>F?:EJ q2?<[ 7@C 6I2>A=6[ 5@6D ?@E D6CG:46 wp#!\6=:8:3=6 3@CC@H6CD 2?5 :D 23=6 E@ C6DA@?5 72DE6C E@ ?@?\wp#! C67:?2?46 C6BF6DED[ D2:5 $E6A96? %C2JE6[ 2 D6?:@C G:46 AC6D:56?E 2?5 5:C64E@C @7 C6D:56?E:2= 4C65:E 7@C E96 }*rq |@CE8286 r@>A2?J[ 2 DF3D:5:2CJ @7 }6H *@C< r@>>F?:EJ q2?<]k^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQmqFE 6G6? 9:D 32?< 92D 366? 6IA6C:6?4:?8 56=2JD 3642FD6 @7 9:896C G@=F>6] w6 C64@>>6?565 E92E 3@CC@H6CD =@4< :? 2 C2E6]k^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQmQ}@C>2==J[ H6 5@ E96 H9@=6 EC2?D24E:@? :? =6DD E92? b_ 52JD[Q D2:5 %C2JE6[ 6DE:>2E:?8 E92E E96 2G6C286 E:>6 92D C624965 cd 52JD] Q%96C6 :D 23@FE 2 d_ A6C46?E 56=2J ;FDE 3642FD6 @7 E96 G@=F>6 @7 24E:G:EJ[ 2?5 E92EVD H:E9@FE 92G:?8 wp#! EC2?D24E:@?D]Qk^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQm%@ 92?5=6 :?4C62D65 56>2?5[ 3:8 32?<D =:<6 (6==D u2C8@[ q2?< @7 p>6C:42 2?5 y!|@C82? r92D6 92G6 366? 255:?8 DE277 >6>36CD 2?5 F?56CHC:E:?8 46?E6CD]k^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQm(6==D u2C8@ C64@C565 2 b` A6C46?E ;F>A :? wp#! G@=F>6 27E6C :>A=6>6?E:?8 wp#! a]_[ D2:5 ':4<66 y] p52>D[ 2 DA@<6DH@>2?] $96 6DE:>2E6D E92E :E E2<6D h_ 52JD E@ 4@>A=6E6 2 C67:?2?46]k^DA2?mk^Am
kAmkDA2? DEJ=6lQ7@?E\D:K6i `_AEjQmq@CC@H6CD H:== 92G6 2 36EE6C 492?46 @7 >@G:?8 E9C@F89 E96 AC@46DD :? =6DD E:>6[ D96 D2:5[ :7 E96J Q7@==@H E96 ?646DD2CJ DE6AD E@ 4@>A=6E6 E96:C 2AA=:42E:@?D 2?5 DF3>:E DFAA@CE:?8 5@4F>6?ED :? 2 E:>6=J 72D9:@?]Qk^DA2?mk^Am
kAmk^Am
(0) comments
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.