This is a marketwatch.com article.
Nonbank mortgage lenders are making up a greater share of the market but don’t have the same resources banks do.
The years since the housing crisis have been marked by a tug of war between two conflicting ideas.
A vibrant lending market is critical not just to the housing sector, but to the entire economy, analysts, politicians, industry groups and regulators believe. But it’s just as imperative to guard against the kinds of risks that blew up the financial system in 2008.
Yet for all the efforts put forth on both fronts in the past few years, many industry participants believe that natural evolutions in the lending markets during that time may be creating conditions that could set off a convulsion similar to the one that wreaked havoc in 2008.