Published in: Home Loans

Home Buyers Turn to Independent Mortgage Companies for Loans Over Banks

Home buyers are now tending to choose independent mortgage companies for home loans over banks.

According to the Federal Reserve, in 2014, independent mortgage companies were responsible for 47 percent of completed home-purchase loans and 42 percent of refinance loans.

Some non-bank lenders include Wells Fargo and Quicken Loans, which are the nation’s first- and second-largest retail mortgage lenders, respectively.

Image via Flickr/Jack Pearce

Continue to original source.

By clicking submit, I authorize Rate Fixers and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here.

Home Buyers Turn to Independent Mortgage Companies for Loans Over Banks

Navigation

About Us

Subscribe to our newsletter