This is a market overview for mid-July. First, two national mortgage lenders have recently closed: First Guaranty Mortgage Corp. and non-QM lender Sprout Mortgage. With refinance activity mostly shut down, there will likely be more mortgage lenders closing soon. However, this will not be like the lender implosion following the housing bubble, since the quality of recent loans - and the structure of the industry - is very different from the bubble years.