Real Estate Agents Depend on Lenders to Pre-qualify Home Purchasers, Study Finds
April 27, 2006
Historically, real estate agents have attempted to determine for themselves how much home a prospective buyer could afford before taking them around to look at specific properties. But in the age of increased financial privacy protection and automated underwriting, most agents now depend on mortgage lenders to perform the prequalification function. …
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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