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Not yet. But one soon. Expect more confusing by the professionals..... Agents are not well versed...
we have a closing with it this week...we expect everything to run smoothly....
Buyers are getting confused and even worse, loan officers are confused. This is another government over reach gone bad with good intentions, but not thought out how it would work in the real world
Yes, it has.
After years and years of promoting the importance of a Pre-Approval over a Pre-Qualification, buyers are saying "What???"
Well, I do see now after more than a year that this has helped buyers.
Not yet, but I am sure it will
I've not seen any impact to me yet, but I'm only 10 days in to one escrow and 8 in to another.
Not really. The changes merely mandate what most of the lenders and title companies I use have been doing as a usual practice. Once they had the new software and procedures in place, it seems pretty smooth.
No, the last several sales have been all cash. Buyers are avoiding banks whenever possible.