Help!! Any loan officers or experience home buyers out there? Loan approval question/?

Why would my mortgage broker not update me on my mortgage application status daily? I am not the one to bug people twice a day either.The closing has already been scheduled at the lawyers office and the loan officer had the home appraisal done yesterday (the seller told me). Do I get the hard proof in the form of an approval letter or something? Would they even appraise the house if I hadnt been approved and ready to close? Why do you loan officers keep people waiting and on the edge of curiosity?

Does denial of a loan harm my credit score?

My credit is excellent, but I’ve had difficulty refinancing because one of the owners in my Condo is suing the association.

I applied for a loan, and was ultimately denied — probably because of the lawsuit, but the explanation given was a form letter with a list of standard reasons. The box checked said “We do not grant credit to any applicant on the terms and conditions you have requested.” I have no idea what that means

The question is: WILL THIS LOWER MY CREDIT SCORE? By a lot or a little? and for how long? Should I bother objecting to the broker or lender?

ADDED DETAIL: The lender was taking a long time to process the application; My 45 day rate lock was about to expire. They kept asking for more documents, both related and unrelated to the lawsuit. (They even asked me to write a letter explaining my last three credit inquires, one of which was made by their own mortgage broker! for this application!) I finally told the broker that I would use an alternate lender that had refinanced other people in my building so he’d already investigated and concluded that the lawsuit was not a risk.
The original lender sent one more request for documents to my condo manager — maybe the broker had told them to cancel the application or maybe he didn’t? — Then a few weeks later I got the denial letter.
The original lender did NOT check the box labeled “Loan Application was withdrawn”

husband hasn’t paid for mortgage in 2 mths. what the mortgage company said to us is “Once we receive and begin

your application and the documents we requested, some of the options that may become available to you include:
Repayment Plan, Loan Modification, Short Sale, Deed in Lieu of Foreclosure.” I know I don’t have a choice but can someone explain to me which path to take? Mortgage Co asking for budget form, income, and a letter explaining our situtation.

I received an email clearly intended for fraudulent purposes. Who should I alert?

Judge for yourselves, is this creepy or what?:

Flag this messageUrgent (Please Respond Swiftly)Wednesday, October 8, 2008 9:22 PM
From: “James Gordon” Add sender to Contacts To: undisclosed-recipientsHello,
Are you a property owner in the United States? Do you have an existing home equity line of credit or personal/business with any US/CANADIAN Bank? I am Mr. James Gordon from James Gordon Designs London, UK. I write to solicit your assistance in working with me as my Payment Officer who can help me establish a medium of getting across to my customers in USA and CANADA as well as making wire transfers to you on my behalf. I made and Export furniture into Canada, America/Europe and have Clients who make bulk transfer of funds and due to large sum of money involved, they prefer making the transfers into an Equity Line of Credit account. If interested do get back to us with your details below and we will do furnish you with more details. You will be allotted 5-7% of total amount wired into your account.

PERSONAL INVESTMENT FUNDING APPLICATION FORM

First Name: Last Name:

Address: City: State: Zip Code:

***Mark “x” in the bracket below**

Own a House ( ) Rent ( )

Home Tel: Mobile: Email.

Social Security #.

Occupation:

Date of Birth:

Investment Amount:

Duration: 30 days ( ) 60days ( ) 90 days ( ) Above 90 days { }

**Mark “x” in the bracket below**

1. Are you a property owner in the United States Yes ( ) No ( )

2. Do you have an existing home equity line of credit or personal/business with any tire One US Bank? Note: Credit cards, mortgage loans, checking accounts are not accepted.

Yes ( ) No ( )

3. Provide line of Credit / home equity account number:

4. What is the credit limit on your line of Credit / home equity account USD$

5. What is balance presently owed on your line of Credit/ home equity USD$.

6. What financial institution is your line of Credit / home equity with?

7. What are the address and 1800 number of your financial institution?

I hereby authorize the investor to verify the above information for investment decision. I certify that the information is true and to the best of my knowledge.

Applicant’s Signature Date

************************IMPORTANT NOTICE***********************

This form must be returned with the following:

* A copy of beneficiary’s identification (Drivers License or International Passport) will be required. This is an investment program that offers 100% funding upon approval. This program is not a loan program and has no direct liabilities to the beneficiary.

James Gordon
29 Niton Street,
London, SW6 6NH.
http://www.timwood.com

Should I take my loan officer or mortgage company to court?

Our escrow was supposed to close on August 13, 2010. We would have been able to close on time, but the underwriter ordered some “desk review” of our appraisal and demanded more comps to support our price. The appraiser mysteriously got these comps after looking for DAYS–btw, we have not received a copy of this desk review yet. We ended up closing on August 17, 2010 ( 2 days after the state of California stopped accepting applications for the $10,000 home buying tax credit–California has apparently run out of funds). Do I have any recourse at all against the underwriter or my loan officer that lagged on ordering the initial appraisal and had us date some papers earlier so that she remains in compliance. I think it was the GFE or the appraisal order that had to be done within 72 hours of them running our credit. One of these forms was the one we were asked to change the date on.
Could I get the $10,000 that they cost me from a government program I would have qualified for? Does that even sound like a case?