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Andy Krumholz, Keller Williams Reston
“For most buyers the mortgage marketplace has not impacted their ability to obtain financing. The loan underwriters remain conservative in their analysis and are requiring more documentation from the borrowers then ever before. This often will elongate the loan approval process a bit, but typically does not hinder the borrowers ability to obtain financing. Borrowers need to be prepared to respond quickly to lenders questions and provide comprehensive information when asked.”

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Some Good News and a Lot of Uncertainty

Realtors discuss the mortgage market at finance summit.

The Northern Virginia Association of Realtors (NVAR) hosted Finance Summit 2014 at their Fairfax Headquarters on Wednesday, May 21. The event brought together a panel of speakers with an impressive collection of credentials and expertise. Moderator Ken Harney’s “Nation’s Housing” column is nationally syndicated. Harney is also a member of the Federal Reserve Board Consumer Advisory Council, an author and commentator on real estate and mortgage issues, and the host of CNBC’s “Real Estate Magazine” weekly television program.


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