Mortgage banks are similar to savings and loans in that they hold most of the mortgages they originate.

Name: Mortgage banks are similar to savings and loans in that they hold most of the mortgages they originate.
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Mortgage banks typically sell most of the mortgages they originate to investors or government agencies in the secondary mortgage market, rather than holding them in their own portfolios like savings and loans institutions often do.

Mortgage Banks Are Similar to Savings and Loans in That