Specter of the S&L crisis haunts today’s mortgage market
Housing Wire
OCTOBER 13, 2022
In 1980, some 4,000 savings and loan institutions (S&Ls or thrifts) accounted for about half of the nation’s $960 billion in outstanding home mortgages at that time. RTC), closed 747 S&Ls with assets of more than $407 billion. . The firm specializes in asset-backed credit, whole loans and private equity.
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