There are some interesting trends that have come out of the boom years of 2020 and 2021. The realignment of the mortgage industry should make us all rethink how we look at lenders by category. Rather than looking at bank-owned mortgage companies and independent mortgage companies, perhaps we should think of new categories.

For example, there are nonbank mortgage banking companies that are not truly independent. These could be categorized as nonbank but publicly owned or owned by Wall Street private equity or hedge fund investors. Clearly, they are not independent mortgage bankers (IMBs).

In fact, the Mortgage Bankers Association made clear details ⇒

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