Over the past few months, Bank of America (BAC 0.42%), Wells Fargo (WFC 0.84%), Citigroup (C 0.88%), and JPMorgan Chase (JPM 1.03%) 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 0.11%) 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.