Among the top 10 lenders for the first nine months, six were nonbanks and four were federally insured depositories. However, the number-10 ranked Bank of America is in danger of being overtaken by Guaranteed Rate.
A former aide to Sen. Walter Mondale, Johnson – operating the company in the wake of the nation’s savings and loan crisis – recognized early on that Fannie’s future would hinge on conducting more business with nonbank lenders...