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Thursday, December 12, 2013

500-page mortgage applications are the new normal

... burst, file size has grown steadily and dramatically," said Peter Grabel, a loan officer for Luxury Mortgage in Stamford, Conn. Just seven or eight years ago, the typical application file ran to about a hundred pages, he said. Some for "no-doc" ...

http://money.cnn.com/2013/12/12/real_estate/mortgage-applications/index.html?section=money_pf&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_pf+%28Personal+Finance%29

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