I have a loan that is locked under the old WHEDA where origination fee, etc can be charged to the borrower. The borrowers wish to postpone the closing beyond the expiration and even beyond any extension date.
Question as to whether we should leave the current loan open and relock it. Or should we just close out this loan and start over?

If relocking, do we do the lock date GFE to show the fees under the new WHEDA, ie: no origination fee, etc? It's not a change of product but can I honestly construe that the fees changed as a result of the lock or is that stretching it?

Thanks for any help.