Nonbanks made the majority of purchase mortgages in 2021
Nonbanks made the majority of purchase mortgages in 2021
Abstract
Lenders that aren't depository institutions made nearly two-thirds of all traditional home-purchase loans last year. At 63.9% of first-lien, closed-end, purchase mortgages on site-built, one- to four-family homes was up from 60.7% a year ago. The findings are in line with an earlier analysis of last year’s HMDA data by Polygon Research. In 2021's No. 1 lender was nonbank Rocket Mortgage. The findings were in line.
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