Sentences with phrase «focused nonbank»
Online lending is an umbrella term meant to cover the new breed of digitally focused nonbank lenders, but even that label has lost some of its meaning as more banks make loans over the Internet.
https://www.americanbanker.com/ Not exact matches
The major distinction between banks and nonbanks is that nonbanks focus on loans, rather than taking deposit accounts like checking and savings and aren't as tightly regulated as traditional banks.
Meanwhile, newer alternative data credit bureaus that focus more heavily on nonbank credit histories can provide a broader view for lenders and creditors — and help greatly expand financial inclusion.
It may also affect the current structure of the mortgage market, in which banks mostly have focused on plain - vanilla and jumbo loans while nonbank lenders have targeted riskier borrowers, sometimes with more exotic...
They say they want to highlight the risk of the growing nonbank sector, as most discussion around preventing another housing crash has focused on the supervision of banks and other deposit - takers.