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In fact, well over 200 mortgage banks were either forced to close or went bankrupt.

Israel has nine mortgage banks, with the biggest now in the process of being privatized.

"In the near future, mortgage banks will have less obvious resources to borrow from," he said.

To start with, he said in an interview, that means to cut Government spending, to close the scandal-ridden national mortgage bank and to attack corruption.

A mortgage bank generally operates under the different banking laws applicable to each state they do business in.

An example of a non-depository institution might be a mortgage bank.

By the beginning of the twentieth century 40 private mortgage banks existed.

"Now that all those mortgage banks are off the street and in the nursing home there is no need for any nationalisation," he said.

She got a job with a mortgage bank through an Irish employment agency.

It is not appropriate that the EU should act as a mortgage bank for its staff.