Mortgage committed but bank fails to release funds for close? (loan, FHA)

[arielmina]

I have heard of this happening to some people I know...their buyer has a committed mortgage and they were set to close, but then closing day comes and the bank doesn't release the funds to close. It's going on now two weeks since they were supposed to close. Is this common nowadays, does it usually get resolved? They're being told that it's an FHA mortgage and there was some form that wasn't completed during the process. I get it, but why has it taken 2+ weeks now and counting to rectify?

[VictorBurek]

This is happening much more now than in recent times. but 2 weeks is very long. There might be some other issues.

[arielmina]

what type of "other issues" could it be if the mortgage is committed, appraisal is done, etc etc.

[VictorBurek]

could be they found fraud in the file. A problem with the company that originated the loan. Could be many things.