ABS comprised of solar loans, and the companies that service them, are under pressure as uncertainty swirls around the future of Biden-era clean energy provisions.
The nonbank share of total originations increased from 65.2% in 2024 to 66.4% in the first quarter of 2025. Four of the five largest lenders in the residential mortgage market are nonbanks. (Includes two data tables.)
A provision in the tax bill — to eliminate the CFPB’s ability to draw funds from the Federal Reserve — must pass the 60-vote threshold, according to the Senate’s rules-keeper.
Industry insiders push the National Directory of New Hires as an alternative to a current process involving the IRS as a way to verify income and employment while expanding the digitization of the mortgage process.