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But despite that fact, the change would have a sizable impact on the real estate market, as according to the OCC, the new rules would apply to approximately 40% of home sales. As one might expect, financial institutions, financial institution trade associations, and state banking regulators "generally supported" the proposal.
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Mortgage Masters Group Why Do Real Estate Agents Ask For A Pre-Approval One of the most common home buying myths that exists is that when buying a home, you should find a home before getting a pre-approval. There are some real estate agents who will show a home, or several homes, to a buyer without knowing whether a buyer is pre-approved or not.-