Nonbanks and fintech firms have made major in-roads in mortgage originations and now account for a significant chunk of the market and are continuing to expand through regulatory arbitrage, according to analysts at Keefe, Bruyette & Woods. Discussing the so-called disruptors in the mortgage market during a recent podcast, Bose George, chief of mortgage research at KBW, and Brian Gardner, KBW’s senior policy analyst, reported that nonbanks now originate 38 percent of all ...