BANKING AFFAIRS

Detailed explanation-1: -A mortgage bank specializes in lending the money against the mortgage for specific securities. They structure various loan products at a cheap rate or with better funding arrangements and involve various activities like loan origination, mortgage sale, and loan/mortgage servicing.

Detailed explanation-2: -Financing functions deal with acquiring capital (like when and how) for the various functioning of the entity, like whether to use equity capital. read more or debt.

Detailed explanation-3: -Savings and Loan Associations or Building Societies carry out the same basic functions in collecting savings from the public and using these savings by lending the money to individuals by way of mortgage loans in housing.

Detailed explanation-4: -Savings and Loans/Savings Banks Savings and loan associations and savings banks specialize in real estate lending, particularly loans for single-family homes and other residential properties. They can be owned by shareholders ("stock” ownership), or by their depositors and borrowers ("mutual” ownership).