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Home » Store » RESPA » Share of Purchase Mortgages that Closed on Time Declines in November, Though TRID Impact Appears Relatively Minor

Share of Purchase Mortgages that Closed on Time Declines in November, Though TRID Impact Appears Relatively Minor

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RESPA

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The second month of operations under the new integrated disclosure rule showed some divergence in closing trends for home-purchase mortgage financing compared with all-cash transactions. In November, there was an increase in the share of purchase mortgages that missed their scheduled closing dates and a slight increase in closing times compared with October, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Some real estate agents responding to the survey pointed...
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