In the 1950s, a traditional, thirty-year fixed rate mortgage would typically have been

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In the 1950s, mortgage lending was a local business and the traditional method involved the original lender or banker holding onto the mortgage until it was paid off. The concept of securitization had not yet been introduced and loans were not widely sold to investors. Furthermore, down payments were often required and lenders typically verified the borrower's income and creditworthiness.

In the 1950s, a Traditional, Thirty-Year Fixed Rate Mortgage Would