It is silly the way some of the lenders are responding in this crazy market.
Serving Maryland, D.C. and Northern Virginia
Sorry to hear about your problems. When was your last credit report pulled? They're good for 90 days before a new has to be pulled. Furthermore, if your score did drop then that is grounds for a denial and a denial letter stating this. A lender should not have a problem supplying this to you, your agent, the listing agent, and the escrow agency/title co. Its required. If this is the actual and a legitimate reason, I'm at a lost as to why your lender is not forthcoming with it. Again, we're required to do so.
I never had a notification of disapproval sent to me, but I never had anyone not qualify when in escrow; I usually get a fresh pre-approval before submitting offers so they're not out-of-date. That way, no one wastes any time or money in escrow for a preventable reason. If my buyer wanted to cancel because he couldn't get a loan, I would just use the proper document stating the reason. Hopefully, you're within your loan contingency period.