Savings And Loan Appears On Radar Screen

by David Jenyns on March 20, 2009

Savings and loans…traditional investment vehicles, but in recent years, fallen out of favor. As a matter of fact, growth has been stirring in savings and loan companies.

The word is getting around that maybe savings and loan firms are not as dissociated from growth as they were thought to be. As a matter of fact, growth has been stirring in savings and loan companies.


The answer is the newly realized growth in savings and loans. In 1958 alone, the savings and loan industry achieved a net gain of $6.2 billion in deposits, compared to $2.3 billion for mutual savings banks. The record of loan firms as home mortgage lenders, in comparison with other institutions, is indeed impressive. Nationally, their mortgage loans increased about two-and-a-half times during the fifties. Most California-based loan firms are secured by first mortgage or trust deed on residential real estate. The growth of California-based savings and loan associations in the past decade is phenomenal, due chiefly to the Golden State’s population explosion. In California personal income rose 102 percent against a national increase of 72 percent.

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