Snyder's cost hundreds of people large sums of money. A former mortgage broker sentenced to federal prison Wednesday blamed his poor business acumen for causing hundreds of Pennsylvania homeowners and investors to lose more than $29 million in what prosecutors described as a Ponzi scheme. There is a wide variety of lending institutions that offer home mortgage loans, including savings and loan associations, commercial banks, mutual savings banks, and mortgage companies. The lesson therefore is never limit yourself to just one option when you can have several.
