Complete, 2020 is actually a record season towards the housing loans world, not individuals gained a comparable increases from it, early analyses away from Home loan Revelation Act studies tell you.

Nonbanks advertised much more business, and you will annual origination growth to possess Latina, Black colored and you may Native American individuals was basically weakened than for almost every other teams, based on earliest-plays HMDA studies because of the ComplianceTech, Polygon Search and you will RiskExec.

Given that recently public nonbanks were eager to show shareholders growth as banks became more conservative with credit amid the pandemic, nondepositories took four out of the top five slots for single-family lenders last year, as compared to just three in 2019.

That development could redouble calls for more safety-and-soundness measures for nonbanks from the banking industry, which is worried about how the growing presence of less-regulated nondepositories could affect the broader financial system.