Beginning June 1, mortgage lenders are likely to order a second full credit screening immediately before closing. The last-minute credit report will be designed to find out whether a borrower has obtained — or even shopped for — new debt between the date of your loan application and the closing. If a borrower has made applications for credit of any type — for furnishings and appliances for the new house, a car, landscaping, a home equity line, a new credit card — the closing could be put on hold pending additional research by the lender.