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Volume 2014 - Number 7

February 20, 2014

Delays in Closing Are Common on Purchase Mortgages With Private MI, FHA Loans

The mortgages that most frequently experience delays in closing are those with private mortgage insurance and FHA loans, according to new findings from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. According to responses from real estate agents involved in 1,401 transactions in January, some 45 percent of purchase mortgages with private MI experienced a delayed closing. And 42 percent of FHA purchase mortgages experienced a delay in closing. Tom Popik, research director of Campbell Surveys, said...

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


Housing Pulse