Big banks are still holding on to their tight lending standards, but more homebuyers are entering the market this spring.
According to CNBC, independent, nonbank lenders are using this as an opportunity. The Mortgage Bankers Association says the volume and profits of these lenders are up from a year ago, and their share of all lending has increased dramatically.
The publication Inside Mortgage Finance reports that nonbank lending rose to 37.5 percent of the market during 2014, compared to 14 percent in 2011.
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