The share of the mortgage market held by savings and loans, Financial Management

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The share of the mortgage market held by savings and loans

1. The share of the mortgage market held by savings and loans is approximately:

80%

two-thirds

50%

25%

10% or less

2. During the last years of an amortizing mortgage loan, the lender applies

most of the monthly payment to the outstanding principal balance

all of the monthly payment to the outstanding principal balance

most of the monthly payment to interest on the loan

all of the monthly payment to interest on the loan

the monthly payment equally to interest on the loan and the outstanding principal balance

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