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Is there such thing as a federally chartered mortgage bank?

April 26, 2017Bank chartered federally mortgage thing

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Is there such thing as a federally chartered mortgage bank?

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Answer There is a federally chartered thrift or federal savings bank, which is governed by the OTS (Office of Thrift Supervision (they are sometimes referred to as mortgage banks). By regulation, they must invest 65% of their loan portfolio in real estate loans.