Local nonbank lenders trounced traditional banks in mortgage lending

Something about this moment seems all too familiar. Prior to the financial crisis, small mortgage companies were lending to thousands of homeowners throughout the country with the backing of credit lines from the largest banks. Now, more than a decade later, nonbank lenders are once again ramping up their mortgage lending in the U.S. and South Florida with credit lines from America’s largest financial institutions. These nonbank lenders such as Quicken Loans, Freedom Mortgage and […]

source https://therealdeal.com/miami/issues_articles/a-delicate-balance-sheet/#new_tab