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New study ranks ‘The Bank of Mom and Dad’ 7th largest U.S. housing lender in 2018

In a new report sponsored by Legal & General Group, family and friends play a major role in the U.S. housing market, supporting the purchase of $317 billion worth of property across America in 2018. This accounts for 1.2 million homes, with an average sum of $39,000 lent or given. If it were an actual business, ...

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