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Issue:

American History

 

Written by:

Karen B

 

Date added:

September 27, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

10 / 2755

 

Was viewed:

740 times

 

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Essay content:

The mortgage Industry in the United States has really evolved throughout the decades. These changes have not only been technological but also structurally. Originally Mortgage lending was started with national and state banks. These financial institutions were self-regulated and principally established to create a business relationship between government and private businesses...
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They were established to meet the public’s need but that was not the reality of things unless you had money. Then came the savings and loans, which originated in response for the growing needs of the middle class. These financial institutions financed to members only and were government backed. They were the leaders in mortgage lending until commercial banks caught a break through government regulations...
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