The mortgage market is now dominated by non-bank lenders

Source: Michele Lerner, Washington Post (Paid Registration)

The landscape of the lending market has shifted dramatically over the past few years from domination by big banks to a market where more loans are made by non-banks — financial institutions that only make loans and do not offer deposit accounts such as a savings account or checking account.

The top 10 most highly rated mortgage providers in the J.D. Power survey are evenly split between banks and non-banks.

Read Full Article: The mortgage market is now dominated by non-bank lenders

 
 

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