Pressure.

Pressure.

FILTERING — The process whereby higher-priced properties become available to lower income buyers. FINANCIAL INTERMEDIARY — Financial institutions such as commercial banks, savings and loan associations, mutual savings banks and life insurance companies which receive relatively small sums of money from the public and invest them in the form of large sums. A considerable portion of these funds are loaned on real estate. FINANCING PROCESS — The systematic 5 step procedure followed by major institutional lenders in analyzing a proposed loan, which includes — filing of application by a borrower; lender’s analysis of borrower and property; processing of loan documentation;