Secondary mkt - one person on original application and initial disclosures sent. Underwriters say the applicant doesn't have the debt/income ratio to qualify. The applicant now wants to add their spouse to the application. Do we... A. Issue denial and have them reapply? B. Add them to the application with new data and reissue all new initial disclosures? And document joint intent. Seems to me this fits the "New information particular to the borrower" reasoning for changed circumstance.
What about adding a spouse to a purchase transaction application? Disclosures have already been made to a primary applicant and the spouse who is being added signed the initial TIL.
What about from a RESPA stand point? I don't see this as a changed circumstance, the only thing that would change on the GFE is the addition of the co-borrower's name.