So now the big question: Are nonbanks really that risky when compared to depositories? A few decades ago, Congress had to bail out the savings and loan industry to the tune of $150 billion.
According to a new tally from Inside Mortgage Finance, refis accounted for 47.6% of first-lien originations in 3Q19 compared to 35.9% and 35.2% in the second and first quarters, respectively.
The decrease in LOS vendors comes courtesy of industry consolidation from M&A deals, fewer vendor offerings of multi-system platforms and the failure by some platforms to adapt...