- "Americans took out more mortgages than ever before in 2020" and yet residential real estate loans in the commercial banking industry declined over the past 12 months.
- The decline was the greatest in the largest 25 domestically chartered banks in the U.S.
- Nonbank mortgage lenders issued 68.1 percent of all mortgages originated in 2020 and it is highly likely that this percentage will continue to grow in the future.
- Commercial banks, especially the largest 25 domestically chartered commercial banks in the U.S., are preparing for a different kind of participation in this market.
For further details see:
Want A Mortgage: Go To A Nonbank Lender