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Non-bank firms are now big players in America’s mortgage market

 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.
See also:
» Mortgage approvals in UK 'falling off a cliff'
» Ukraine’s primary housing market prices increase by 4.7% in 2017
» Rate rise blamed as house price growth stalls
» Rate rise impact 'modest' for homeowners, says Nationwide
» Nationwide cuts mortgage rates as BoE mulls rise
» Home owners 'lock in' low mortgage rates
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