Pre-approvals fall by the wayside

Staging is key when you’re marketing a home to buyers, but with all the tasks a home seller has to juggle, it might fall by the wayside. So if you’re in a hurry, here are some quick fixes that.

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New data shows lenders are veering away from offering pre-approvals on loans, causing borrowers to lose a helpful tool during the home buying process.. Pre-approvals fall by the wayside.

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Pre-approvals fall by the wayside. October 3, 2013. HousingWire Staff. New data shows lenders are veering away from offering pre-approvals on loans, causing borrowers to lose a helpful tool during.

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The problem is that common-sense income verification fell by the wayside during the housing boom. In the drive to qualify more borrowers, many lenders moved away from these sensible practices. That story ended badly, to say the least. So federal regulators have created new mortgage rules to prevent a return to lax underwriting.

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