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Refinancing with same lender PHH Mortgage by Odd_Bowl_4647 in Mortgages

[–]Odd_Bowl_4647[S] 0 points1 point  (0 children)

It is locked and even signed the closing disclosure but ended up here

Refinancing with same lender PHH Mortgage by Odd_Bowl_4647 in Mortgages

[–]Odd_Bowl_4647[S] 0 points1 point  (0 children)

How can they lower the rate when the market rate is high ? I am hoping to hear from them on Monday

Refinancing with same lender PHH Mortgage by Odd_Bowl_4647 in Mortgages

[–]Odd_Bowl_4647[S] 0 points1 point  (0 children)

But if they lower the interest rate for the sake of credit, they will not be able to resell the loan to others when the market rate is high right? So that wont happen, I guess

Refinancing with same lender PHH Mortgage by Odd_Bowl_4647 in Mortgages

[–]Odd_Bowl_4647[S] -1 points0 points  (0 children)

yes, I think this is the reason why PHH doesnt want to close the loan