http://www.biggerpockets.com/renewsblog/2007/10/26/real-estate-headlines-mortgage-and-economic-stories-worth-reading-for-friday-october-26/ Learn, Network, Invest Mon, 23 Nov 2009 22:50:37 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.biggerpockets.com/renewsblog/2007/10/26/real-estate-headlines-mortgage-and-economic-stories-worth-reading-for-friday-october-26/comment-page-1/#comment-51911 Rick Marnon, Howell Tue, 30 Oct 2007 03:01:01 +0000 http://www.biggerpockets.com/renewsblog/2007/10/26/real-estate-headlines-mortgage-and-economic-stories-worth-reading-for-friday-october-26/#comment-51911 Countrywide is forcing potential buyers of their foreclosed homes to get pre-qualified by their own loan officers. This has caused some real problems with clients, because their in-house loan officers are promising your clients the world, but rather changing the numbers to be higher interest rates as well as closing costs. Keep your head on and prep your client for that conversation with Countrywide's loan officers. Countrywide is forcing potential buyers of their foreclosed homes to get pre-qualified by their own loan officers. This has caused some real problems with clients, because their in-house loan officers are promising your clients the world, but rather changing the numbers to be higher interest rates as well as closing costs. Keep your head on and prep your client for that conversation with Countrywide’s loan officers.

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