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- RE Finance Ch. 4 Flashcards - Quizlet
When a loan officer takes a loan application and the lender underwrites and funds a mortgage loan for the applicant, this is referred to as: Which type of depository institution began in the nineteenth century in order to finance home construction in local communities, financed by the pooled assets of members?
- Which type of depository institution began in the 19th century in order . . .
These institutions, also known as thrifts, were created by builders to primarily invest in home mortgages Members of savings and loan associations typically took turns in borrowing money to build homes
- lesson 4 quiz - 1. A developer would like to obtain. . . - Course Hero
The type of depository institution referred to is a savings and loan association, which was established to provide financing for home construction and mortgages through the pooled savings of its members
- A Comprehensive Overview of the History of Savings and Loan . . .
The growth of Savings and Loan Associations in the United States was characterized by significant geographic expansion Originally established in local communities, these institutions rapidly spread to urban and rural areas alike throughout the 19th century
- It’s a Wonderful Loan: A Short History of Building and Loan Associations
From the 1830s until the Great Depression, a type of thrift institution known as building and loan associations made home loans more broadly accessible The best-known example is a fictional one, Bailey Brothers Building and Loan, central to the 1946 film It’s a Wonderful Life
- Real Estate Finances Chapter 4 Flashcards - Quizlet
Which type of depository institution began in the nineteenth century in order to finance home construction in local communities, financed by the pooled assets of members? and more Study with Quizlet and memorize flashcards containing terms like 1
- Savings Loan Associations - Encyclopedia. com
Like the building societies of England and the credit cooperatives of Europe, it was a membership organization that took savings deposits from its members and in turn made home loans to them S Ls soon accepted deposits from the general public and became public depository institutions
- Question 14 1 out of 1 points Which of the following was granted . . .
Which type of depository institution began in the nineteenth century in order to finance home construction in local communities, financed by the pooled assets of members? Selected Answer: c Savings and loan association
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