Comments on: Are national banks shaking down loan applicants for mortgage estimates? http://repdx.com/2009/05/11/are-national-banks-shaking-down-loan-applicants-for-mortgage-estimates/ Portland Oregon Real Estate Resources Thu, 22 Jul 2010 01:21:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Cathi Pierce http://repdx.com/2009/05/11/are-national-banks-shaking-down-loan-applicants-for-mortgage-estimates/comment-page-1/#comment-2542 Cathi Pierce Thu, 14 May 2009 20:20:58 +0000 http://repdx.com/?p=616#comment-2542 YEp, and Yep! Since Wa Mu made it's change ChASE CHARGED A client of mine $500. for a GFE. When they asked me about it, I called the lender.......NOT backing down! Additionally, I am seeing SOME GFE coming in very affordably-and at closing, new fees are added! I demand a copy of the GFE and we go over it completely, questioning anything....one client pullled out of a deal (at the closing table), when his Points went from the typical 1% to 2.5%.....mortgage broker claimed it was "harder to put together that loan".Just wish this economy would right itself, and things could begin to even out! YEp, and Yep! Since Wa Mu made it’s change ChASE CHARGED A client of mine $500. for a GFE. When they asked me about it, I called the lender…….NOT backing down! Additionally, I am seeing SOME GFE coming in very affordably-and at closing, new fees are added! I demand a copy of the GFE and we go over it completely, questioning anything….one client pullled out of a deal (at the closing table), when his Points went from the typical 1% to 2.5%…..mortgage broker claimed it was “harder to put together that loan”.Just wish this economy would right itself, and things could begin to even out!

]]> By: Texas Refi http://repdx.com/2009/05/11/are-national-banks-shaking-down-loan-applicants-for-mortgage-estimates/comment-page-1/#comment-2539 Texas Refi Wed, 13 May 2009 20:24:38 +0000 http://repdx.com/?p=616#comment-2539 Last week I did a refinance phone application with Chase. Closing costs in GFE were way in excess of what they said over the phone, so I pulled out the next morning. They still charged my credit card $750, and so far have refused to refund. Last week I did a refinance phone application with Chase. Closing costs in GFE were way in excess of what they said over the phone, so I pulled out the next morning. They still charged my credit card $750, and so far have refused to refund.

]]> By: Corri Klebaum http://repdx.com/2009/05/11/are-national-banks-shaking-down-loan-applicants-for-mortgage-estimates/comment-page-1/#comment-2537 Corri Klebaum Mon, 11 May 2009 23:12:48 +0000 http://repdx.com/?p=616#comment-2537 Ron, I have heard a few complaints of application fees and longer waits. No fees with this broker/banker at least until it's time to order the appraisal. Since May 1 all conforming appraisals must be ordered by a third party with the new HVCC requirements. But a Good Faith Estimate cost nothing but the 20 minutes it takes to complete an application over the phone :) BTW do expect 30 days on purchases and 45 on refi's. Ron,

I have heard a few complaints of application fees and longer waits. No fees with this broker/banker at least until it’s time to order the appraisal. Since May 1 all conforming appraisals must be ordered by a third party with the new HVCC requirements. But a Good Faith Estimate cost nothing but the 20 minutes it takes to complete an application over the phone :) BTW do expect 30 days on purchases and 45 on refi’s.

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