Over the past few months, Bank of America (BAC 0.17%), Wells Fargo (WFC +0.53%), Citigroup (C 0.06%), and JPMorgan Chase (JPM +0.28%) 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 +1.40%) 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.
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