But the #1 reason you are having this issue is Obama's Massive Over Regulations! You, like every American are victims of this Dodd/Frank Act which has been a pure nightmare for all American consumers! This administration took a bad situation in 2008 and has made it 10 times worse than it should be right now with all its Failed Policies!
Common sense Underwriting has been replaced by this nasty Death Star called the Dodd/Frank Act which was put together by the likes of Barney Frank and Maxine Waters who were the ones who were major reasons for the housing crash!
Barney Frank- http://www.youtube.com/watch?v=LPSDnGMzIdo
Maxine Waters- http://www.youtube.com/watch?v=m9W_6U7GRrI&feature=related
This Dodd/Frank Act is killing the mortgage industry and causing this horrendous Analysis Paralysis situation in lending which has basically crippled lenderâ€™s ability to make loans to good borrowers.
What I would do as Florida Mortgage Broker if I were in your situation is completely different than a consumer would know to do? Contact me and Iâ€™ll tell you exactly what your options are in your situation to eliminate the $100.00 per day and to get the deal closed.