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What is the main similarity of a mortgage banker and a savings and loan association in terms of mortgage loans?

User Marklam
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Final answer:

Both mortgage bankers and savings and loan associations primarily focus on providing mortgage loans to homebuyers or real-estate developers and builders.

Step-by-step explanation:

The main similarity between a mortgage banker and a savings and loan association regarding mortgage loans is that both are financial institutions that primarily focus on providing housing-related loans.

Both types of entities will take deposits and then issue loans, specifically mortgage loans to homebuyers or real-estate developers and builders.

This was particularly notable from the 1930s until the 1980s when federal law mandated savings and loan associations to concentrate on housing-related loans, although mortgage bankers also primarily deal with mortgage lending.

User Hemant Metalia
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