Mortgage originations by nonbanks have not only surged past those coming from regulated banks, but according to the Urban Institute (UI), they are helping to widen the credit box for agency and government loans . Where in 2013 banks originated 70 percent of new mortgages , this year nonbanks originated 60 percent . In an article in UI's Urban Wire blog, three analysts say that, while banks have been the traditional lender for most homebuyers, "the market turbulence of the past decade has spurred a significant restructuring of the mortgage finance industry, thrusting nonbanks-institutions that provide some banking services but are not regulated banks-into a dominant position as mortgage originators." UI's analysts, Karan Kaul, Bing Bai, and Linda Goodman, indicate in their article that the shift
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http://www.mortgagenewsdaily.com/reports/newsletter/2017/9/6/2975
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