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unethical lending practices: Potential RESPA Violations and Mortgage Lenders Steering Buyers: - 06/05/08 09:58 AM
Brian Brady wrote a post recently entitled: Why Mortgage Brokers Love Countrywide and some of the comments got me thinking again about things going on in my market place that are real borderline RESPA Violations.
In my market place it's now common on REO listings to have it written into the comment section that the buyer must get pre-approved with the lender who is holding the foreclosure.  Countrywide Home Loans seems to be the biggest player with this type of stance.  Though it might not be a direct violation of RESPA it sure makes you think again about how this gives the … (92 comments)

 
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Gary Miljour - Mortgage Lending for Arizona and California

Tempe, AZ

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Arizona BK-0920007 California DRE-01889021 My City Lender Home Loans NMLS#161428 Gary Miljour Licensed Loan Originator NMLS#207208


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