can they make buyer use them for buyer loan also?
Nationstar is requiring the buyer to use THEM for the buyer's loan! This is a pre-approved HAFA deal where the buyers offer meets the minumum net that the HAFA approval letter requires including 3% buyer costs - nationstar is saying that the buyer HAS to also use them for buyer loan if any closing costs are part of the deal - even though the HAFA approval letter net is met? anyone have an answer to this? Thanks!
Replies to This Discussion
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Permalink Reply by Kevin - Greenville, SC on
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Permalink Reply by Wendy Smith on
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Mmmm. Nationstar typically prequalifies the buyer, I guess they don't trust pre-qual letters from other lenders. What a hoot. I'll have to look at Kevin's youtube - maybe another new (gray area) policy...
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