There was a savings %26amp; 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?
What percentage of America's mortgage debt is currently held by savings %26amp; loans versus commercial banks?
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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