From the series: Self Made in CaliforniaIn 1947, millionaire Howard Ahmanson bought a little company called Home Investment Building and Loan. By aggressively acquiring other thrifts, financing tract housing, and pioneering the use of a thirty-year mortgage, Ahmanson built the world's largest savings and loan in just seven years. During the seventies, with inflation running rampant, Home introduced the idea of the adjustable rate mortgage-considered a radical move at the time. In the 21st century, people and businesses will continue to prosper because of banking innovations launched by Home Savings.
In 1947, millionaire Howard Ahmanson bought a little company called Home Investment Building and Loan. By aggressively acquiring other thrifts, financing tract housing, and pioneering the use of a thirty-year mortgage, Ahmanson built the world's largest savings and loan in just seven years. During the seventies, with inflation running rampant, Home introduced the idea of the adjustable rate mortgage-considered a radical move at the time. In the 21st century, people and businesses will continue to prosper because of banking innovations launched by Home Savings.
