The financial institution that takes on new loans to finance the building of homes, apartments, office buildings, shopping centers and other structures and, soon after, sells these loans to long-distance lenders is known as a(n):

Question

Quizplus · Accepted Answer

Mortgage banks specialize in originating and servicing loans for real estate construction and then often sell these loans to other investors, which fits the description provided.

The Financial Institution That Takes on New Loans to Finance