A new survey by the National Association of Exclusive Buyer Agents (NAEBA) outlines 51 mistakes or hurdles that can slow down the short sale process including lenders changing the rules for a short sale or sellers not being meticulous enough in providing documentation. Read more in today’s Chicago Tribune.
In other news:
Freddie Mac reports 30-year, fixed rate mortgages falls to 3.62%. (Wall Street Journal)
New Consumer Financial Protection Bureau report urges caution on reverse mortgages. (Chicago Tribune).