New disclosure requirements add complexity to loan transactions:
http://www.ocregister.com/lansner/percent-684554-loan-year.html
OCR's Lazerson predicting it will settle down after a while but chatter I'm hearing is 30 days will still be too tight even after. Main reason is there wouldn't be any buffer for what used to be minor changes during the escrow period.
Net effect is all cash offers will be that much more desirable I think.
http://www.ocregister.com/lansner/percent-684554-loan-year.html
OCR's Lazerson predicting it will settle down after a while but chatter I'm hearing is 30 days will still be too tight even after. Main reason is there wouldn't be any buffer for what used to be minor changes during the escrow period.
Net effect is all cash offers will be that much more desirable I think.