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mortgage: Client Interests vs. Company Interests? - 11/06/07 02:25 PM
An article appeared in today's Washington Post, "Realtor Discourages Use of Outside Lenders," that was sparked by an email sent from Wes Foster, CEO & Founder of Long & Foster, to his agents urging them to refer clients to Prosperity Mortgage instead of "outside lenders." Like many large real estate companies, Long & Foster has affiliated business relationships and Prosperity Mortgage is one of them. The mortgage company is a joint venture with Wells Fargo and has been in existence for many years. The upshot of the article and the furor in the mortgage industry this email created is based on the assertion that there are
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Catherine S. Read
Fairfax,
VA
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Creative Read, Inc.
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