Sentences with phrase «nonbanks such»
Instead, they provide short - term credit to nonbanks such as Quicken Loans and PennyMac, which do the actual lending.
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In recent years, about two - thirds of nonfinancial credit market debt has been held by nonbanks, which includes market - based funding by securitization vehicles and mutual funds as well as by institutions such as insurance companies and finance companies.
Nonbanks are involved in many activities within the financial system as well, such as securities lending.
It operates through its bank and nonbank subsidiaries which engages in community banking services such as asset management, real property title insurance, investment banking, financial planning, and brokerage services.
This is not the case with deposits placed in nonbank institutions such as brokerage houses.
The reserve bank's proposal to address banks and nonbanks that remain «too big to fail» does not include two of the largest such institutions: Fannie Mae and Freddie Mac.