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residential mortgage market, although their participation has declined considerably since the 1950’s as they have shifted funds to higher investment yields. Other mortgage lenders include Federal and State agencies, pension funds, real estate investment trusts and individuals. Savings and loan associations are by far the largest source of mortgage money of all the above. At the end of 1974, they held almost half of all outstanding mortgage debt.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, REALTOR, The Clopton House, Washington, Va. 22747. Phone: 675-3400. We’re here to help.
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