I read the reasons in the link, and I agree, but we also know Count-refi’d is desperate for business in any form.
If they have an REO you like you can always negotiate to use your own lender, but if they refuse, walk, and let their REO’s sit. No more than a year ago they had ~2000. They’re pushing 4000 now in CA.
“…the pre-approval letter, a satisfactory credit report, and proof of funds sufficient to meet Buyer’s obligations …”
It’s about time, although this will only decrease the # of potential buyers.
