mortgage industry
Essay specific features
Written by:
Betty B
Date added:
May 21, 2014
Level:
University
Grade:
No of pages / words:
10 / 2746
Was viewed:
3919 times
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Essay content:
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. They were established to meet the publics need but that was not the reality of things unless you had money...
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They were established to meet the publics 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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