Laguna Woods co-op ends decade-long lender monopoly

Laguna Woods co-op resident Linda Nearing has little time left.
Nearing was recently diagnosed with glioblastoma, an aggressive cancer that starts in the brain. So, she can forget about ever getting a cash-out refinance before she passes.
I wrote about Nearing and her refinance denial last year in one of three columns about a policy at the Laguna Woods co-op limiting mortgages for its 6,323 senior members to just one lender, National Cooperative Bank, or NCB, for about a decade.
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