In the early 1970's, home mortgage lenders were predominantly depository institutions. By the end of the decade, the growth of deposits at these institutions became negative due to the emergence of more attractive investment opportunities such as money market funds. This change in the distribution chain of funds is more commonly referred to as:

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Disintermediation refers to the shift away from traditional intermediaries such as depository institutions towards alternative sources of funding. This was driven by the emergence of more attractive investment opportunities such as money market funds, which caused a decline in deposits at depository institutions. Deregulation refers to the removal of government regulations, warehousing is a term used in inventory management, and underwriting refers to the process of evaluating and assuming risk for insurance or investment purposes.

In the Early 1970's, Home Mortgage Lenders Were Predominantly Depository