Non-bank firms are now big players in America’s mortgage market
Nearly half of mortgage originators are not banks
TWICE IN THE past 30 years, housing finance has taken down America’s economy. As interest rates rise and the housing market stutters (see article), regulators are again pondering the risks from the mortgage market—this time from a shift towards non-bank originators.
This article appeared in the Finance & economics section of the print edition under the headline “Homing in”
Finance & economics December 1st 2018
- Financial firms have quietly prepared for Brexit
- Europe makes contingency plans for clearing-houses after Brexit
- Non-bank firms are now big players in America’s mortgage market
- Bitcoin has lost most of its value this year
- Green asset classes are proliferating
- Why opening pubs on the Emerald Isle is so difficult
- Corporate bonds in an ageing business cycle
- Paul Volcker’s memoir invites a rethink of the fight against inflation
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