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Released: February 23, 2017
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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