Nonbanks continued to account for a bigger share of the loans produced by the top 100 lenders. But the market has become less consolidated, with smaller firms taking a bigger share. (Includes two data charts.)
Under the Fed’s framework, which in many ways differs from the OCC’s final rule, a bank’s mortgage lending performance will be evaluated in two ways: a retail test and community development measurement.
Several top lenders reported declines in purchase-mortgage lending and increased refi activity in the second quarter. Agency MBS data suggest a modest recovery in July and August. (Includes four data charts.)