Tag Archives: Jason Smiley

Effects of Government Shut Down Mortgage Rates and delayed Close of Escrows

Jeni Pfeiffer presents mortgage update courtesy Jason Smiley: The government shut down has had little impact on Mortgage Bond pricing so far however there is an impact to the loan process that may delay escrows.  Prior to the mortgage crisis in 2007 many loans were done with stated income and assets with no verification of tax returns.   Continue reading