Half of mortgage seekers are walking by banks

bankBy Anya Martin | The Wall Street Journal

Look out, banks. Home buyers are increasingly turning to independent mortgage companies for their loans.

In 2014, nondepository independent mortgage companies originated 47% of completed home-purchase loans and 42% of refinance loans, according to data from the Federal Reserve. That’s up from 43% and 31%, respectively, in 2013 and the largest share of the mortgage market held by non-banks since 1995.

Continued:

Share this!

Additional Articles

Airbnb’s primary push

By Arizona Agenda Two moderate Democrats are benefitting from mailers pitching them as “labor endorsed” — but those mailers aren’t coming from unions. They come

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.