Transcription of INSTITUTIONAL LENDERS - Cengage Learning
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TM 31. Thomson Learning CHAPTER 2. INSTITUTIONAL LENDERS . PREVIEW. An INSTITUTIONAL lender , also known as a financial intermediary, is any depository that pools funds of clients and depositors and invests them into real estate loans. The lending policies of these institutions have a profound impact on the real estate market. In California, INSTITUTIONAL LENDERS include savings banks (former savings and loan associations), commercial banks, and life insurance companies. They are differentiated from noninstitutional LENDERS , such as individual or private LENDERS , in the following important ways: INSTITUTIONAL LENDERS are highly regulated and closely supervised by federal and state agencies, whereas private LENDERS are relatively free of regulations.
• Many institutional lenders qualify to make Department of Veterans Affairs (DVA) and Federal Housing Administration (FHA) loans. • There is an active secondary market for institutional loans, as
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MEASURING LOCAL GOVERNMENT CREDIT RISK, Institutional lenders, Working Paper 302, Leases Impact on Residential Lending, Residential Mortgage Lending Tompkins Trust, Financial Education in TRIO Programs, Financial Education in TRIO Programs I n s t i t u t i o n a l, Single Family Housing Policy Handbook Table