A letter of explanation should tell the lender why an event happened and describe steps you’ve taken to solve or recover from the issue, if applicable. Not every borrower needs to write a letter ...

A letter of explanation should tell the lender why an event happened and describe steps you’ve taken to solve or recover from the issue, if applicable. Not every borrower needs to write a letter ...

This hope for explanation — attempting attention from the fact that guns should be, once again, under investigation, as they inevitability are in so many of these repeated tragedies.

(iStock / Getty Images) I was mildly dumbfounded when I stumbled upon Mr. Crawford’s recent letter (”Alaska joining Canada is a brilliant idea”) extolling the virtues of Alaska joining ...

Prime Minister of Canada Mark Carney, I vehemently oppose President Donald Trump's cockamamie notion to make Canada part of the United States. After realizing it was not a joke made in poor taste ...

Perhaps wisely, the borrower also returned the book anonymously, through the mail, thereby avoiding the disapproving glare of any librarians at the front desk.

"The letter of explanation is the underwriter's way of showing that an item needs further explanation," Windham says. [ Read: Best FHA Loans. Sample Letter of Explanation ...

Promptly providing a letter of explanation to your lender can help expedite the loan process and move you one step closer to closing. If you don’t, your loan closing could be delayed or even denied.

Sample Letter of Explanation If your lender asks for a letter of explanation, you'll want to state what the issue is and, if needed, describe how it was resolved. You won’t need to write a long ...

If your credit report has any negative history, or if there is something in your mortgage application that requires more information, a lender may ask you to submit a "letter of explanation.