Over the past few months, Bank of America (BAC -0.05%), Wells Fargo (WFC -0.45%), Citigroup (C -0.52%), and JPMorgan Chase (JPM -0.13%) have all cut staff in their mortgage divisions as the demand for refinancing wanes. This shift has allowed smaller lenders like M&T Bank (MTB -0.51%) to gain market share. In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson take a look at how the mortgage market has changed since Countrywide, now under Bank of America, was the top-dog before the crisis.