Non-bank share of mortgage originations widened over 3 percentage points last year based on annual data reported by home lenders. At the same time, higher-cost loan activity plunged.
Last year, 6,762 U.S. financial institutions filed application, origination and denial data as required under the Home Mortgage Disclosure Act of 1975.
The total included 3,805 banks and thrifts, 1,939 credit unions, 131 mortgage firms affiliated with depositories and 887 independent mortgage companies.
Source: Mortgage Daily