Which private mortgage lending institutions are described in each of the profiles given below?
a. These firms, which faced serious financial problems in the 1980s and early 1990s with numerous failures, are predominantly local lenders providing mortgage credit in the local areas where their offices are situated. These lenders began in the U. S. in the 19th Century to enable individuals and families to save and eventually be able to afford to build or buy new homes. Savings and Loan Associations.
b. These firms serve as a channel for builders and contractors to ultimately obtain permanent financing by initially providing temporary financial support while construction is underway and then finding long-term lenders to take over these mortgage loans for the long haul (often for 15 to 30 years).
c. These lending institutions make investments in both commercial and residential mortgage properties and prefer to purchase residential mortgages in large blocks rather than one at a time.
d. Now ranking first as lenders for the construction and purchase of homes, condominiums and apartments and in the commercial mortgage field, this mortgage lending institution normally prefers to make shorter-term construction loans and let longer-term lenders (such as insurance companies and pension funds) provide permanent mortgage financing.
e. A depository institution that began its history mainly in the Eastern United States and prefers to acquire residential mortgages in large blocks rather than loan by loan.
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