Mapping the boom in nonbank mortgage lending—and understanding the risks

In the decade since the financial crisis, nonbank mortgage companies-for example Quicken Loans, Inc., Freedom Mortgage Company, loanDepot.com, and Caliber Home Loans, Inc., just to name a few-have played a crucial role in maintaining access to mortgage credit.[1] Nonbanks originated about half of all mortgages in 2016, up sharply from 20 percent in 2007. The share…                ...(read more)

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