Mortgage Loan Field Seen Entering New Era
| The Mortgage Bankers Association has evaluated the economic forces that make an early. return to traditional ' mortgage funding techniques and old market relationships unlikelyÛÓeven assuming inflation is halted.</br></br>The dismantling of mortgage management departments by life insurance companies, expected reluctance to problems are overcome, and the possibility of broader investment powers for savings and loans, mortgage company mergers, the entry of conglomerates into the market, and GNMA-backed instruments,.. all are regarded as motivators propelling the real estate finance industry in a new direction.</br></br>over, mortgages may not as a rule be placed with investors as individual investments, but may be used as collateral for paper which investors, both institutional and personal, will find attractive.</br></br>The mortgage investment trust offers, one vehicle for financing home mortgages that has by no means been fully ex-</br></br>1968 authorized the insurance under the auspices of the Government National Mortgage Association of guaranteed securities backed by FHA and VA mortgagesÛÓan innovation which tho Association is doing all it can to help bring into being. veloprnent suggests other possibilities for the substitution of collateralized paper for investment in individual mortgages.