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Chapter 14: Other Lending Institutions - Savings Institutions Overview

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Chapter 14: Other Lending Institutions - Savings Institutions Overview

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Questions and Answers

What is the primary focus of savings institutions such as S&L?

Residential mortgage lending (correct)

Commercial real estate lending

Investment banking

Personal loans

Which is a key characteristic of savings institutions being mutual organizations?

They are publicly traded

Depositors are the legal owners (correct)

Stock is widely issued

They focus on investment banking

What is a unique aspect of credit unions compared to other depository institutions?

They do not serve the general public (correct)

They are publicly traded

They are for-profit institutions

They are subject to corporate taxes

What distinguishes finance companies in terms of customer risk compared to other lending institutions?

They are willing to lend to riskier customers Signup and view all the answers

Which regulator oversees savings associations and savings banks?

OTS Signup and view all the answers

What is the main goal of finance companies?

Making loans to individuals and businesses Signup and view all the answers