What is the definition of Guilds Mortgage?

Ah, the 'guilds mortgage' – a term that's as obscure as it is intriguing, if a bit unsettling. Picture this: It's like a secret society of real estate brokers who've banded together to control the mortgages in their neighborhood. They're the exclusive club of mortgage lenders, and they make sure nobody gets a 'fair' deal. Imagine a sentence that captures this bizarre phenomenon: "In the gilded age of 'guilds mortgage,' the old man convinced to sign his grandkids' mortgages with a 'let it go' was actually a guild of real estate wizards." Now, that's a narrative that makes you wonder if the 'guilds mortgage' are more akin to a medieval guild of bank robbers than mortgage brokers.