Based on your explanation of the situation, it wouldn't surprise me if the Wells Fargo loan officer you're dealing with never locked your rate in when they said they did (hence, the excuses & extra conditions). Mortgage Rates spiked relatively quickley at the end of November & throughout the month of Decemeber (right around time you were in the approval process).
We are submitting answers to their last round of questions for an approximate closing date of 2/14/2011. We think that our "lock-in rate will not be honored at that time. At that point we will cancel the transaction and take our business elsewhere. We will keep you posted. Its ashame that due to these banks careless actions of the past 10 years that hard working people with decent credit scores and payment histories have become hapless consumers. And we are the ones who bailed they sorry jerks out. No wonder the economy is stagnant.
That is absurd. Here are a couple local people that can help answer your questions.
Wells Fargo Home Mortgage
1320 Willow Pass Road Suite 150
Concord, CA 94520
(925) 288-1109 Tel
(925) 285-8617 Cell
Josette.M.Alexander@wellsfargo.com (my email)
Josettealexander.com (my website)
Certified Mortgage Planner
(925) 706-6706 Direct
(866) 319-2304 Fax
Best of luck, and if there is anything else I can ever help with, just let me know.
RE/MAX Signature Properties