What percentage of America's mortgage debt is currently held by savings & loans versus commercial banks?
There was a savings & loan scandal in 1989. Since then I imagine that their portion of the total of American's mortgage loans has declined. Concomitantly have commercial banks increased their share of the total mortgage debt in America?
Public Comments
- After issue, mortgage lenders don't hold the debt, they just do the processing. Mortages are collateralized and sold on the open market.
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