Weekly Digest for 2009-08-16
  • Closed loan today that was in process for 180 days. Erroneous credit report took 90 days to fix. Thankfully rates stayed low, client happy. #
  • The escalation of closing costs continues. We saw banks jacking up underwriting fees last year. Appraisers are now charging $400-$450 a pop! #
  • Colonial Bank has failed. FDIC has taken over all 346 branches of the Alabama based bank. (via @breakingnews) #

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