Ever have the bank refused to lock the loan with NO NOTICE? 
Today I got the news from the buyer's mortgage broker, Bank of America refused to lock my buyer's loan. My buyer had jumped through all the hoops and got through underwriting yesterday. The very NEXT DAY (Today) they went to lock the rate so we can close next Wednesday and SURPRISE, they are refusing to lock the loan. Bank of America claims they notified the mortgage broker yet per the mortgage broker they NEVER received any notification.
The mortgage broker is submitting it to another company which will delay the closing two weeks. Fortunately, our requested close date was the end of March.
I'm wondering if anyone has experienced this this situation, how you handled it and if there is any recourse for the buyer with Bank of America. He is considering taking it the news media. Any suggestions would be appreciated.
