Finance
In South Dakota, which financial institution is specifically chartered to make mortgage loans for housing?
ACredit unions exclusively
BSavings associations (savings banks and S&Ls) and commercial banks✓ Correct
COnly the South Dakota Housing Development Authority
DFederal reserve banks
Explanation
Both savings associations (historically specialized in mortgages) and commercial banks make mortgage loans in South Dakota. Credit unions also make mortgage loans to their members.
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