People seem to forget the dire state of the economy when President Obama took office in 2009. They shouldnât. He received no help from Republicans at all, so it is virtually the case that he and the Democrats did everything themselves.
Depending on the company, the lockup period may be 90 to 180 days. It exists to ensure that the market is not flooded with shares in the company at any given time, which would increase supply and cause a drop in price.
Closing time is of the utmost importance on a locked refinance loan. A rate lock is not only a commitment of a certain interest rate and price, but of a time period. If the lender does not close and fund the loan before the end of the lock period, the rate lock either expires or needs to be extended for a fee.