All told, more than half of the survey respondents said new TRID regulations have added five or more days to mortgage closing.
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All-Cash Financing Increases; Buyers Avoid Red Tape
According to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, an estimated 26.2 percent of home purchases by current homeowners in March relied solely on cash, up from a 12-month low of 22.8 percent recorded last August. Figures are based on a three-month moving average.
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