Over the last two decades the reduced importance of certain institutions in the primary mortgage market has been largely offset by an expanded role for others. Which has diminished, and which has expanded

Thrifts role have decreased whereas, mortgage and commercial banks roles have increased.

Explanation:

In simple words, Credit unions and cooperative savings banks are examples of thrifts that offer a multitude of deposits and lending services. Thrifts are different from conventional institutions in that organizations may draw money through the Federal Home Loan Bank Network, allowing them to charge greater interest to its members.

The ease of doing business and less documentation with commercial banks promoted their growth.

you want me to join your discord for points?

answer; signaling;