Question: In the early 1 9 7 0 ' s , home mortgage lenders were predominantly depository institutions focused on collecting local savings deposits and using
In the early s home mortgage lenders were predominantly depository institutions focused on collecting local savings deposits and using these funds to make local mortgage
loans. The savings institutions of this era of mortgage financing are more commonly referred to as:
mortaage banks.
thrits.
mortgage brokers.
commercial banks.
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