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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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There will be a huge housing bubble, and when it. The pain of the economic dislocation caused by the housing boom gone bust will be prolonged and costly to many individuals and the Nation as a whole. The lack of regulation by regulators may be the most under reported part of the national housing mania scandal.
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