Mortgage Competition Banned at Laguna Woods Co-ops
Orange County Register, Apr. 25, 2019–Jeff Lazerson
The City of Laguna Woods has more than 6,000 senior co-op units that are largely restricted to one institutional lender. What are the ramifications of not being able to shop around? No pricing competition for sure. And, maybe a credit denial when another lender might have approved you. (MBA mention)
