Mortgage Banking
Industry Description
The US mortgage banking industry includes about 16,000 companies with combined annual revenue of $60 billion. Major companies include units of Wells Fargo, JPMorgan Chase, Citigroup, and Bank of America. The industry is concentrated: the largest 50 companies generate about 70 percent of revenue.
SIC: 6111, 6162
NAICS: 522292, 522310
NAICS: 522292, 522310
Related Industries:
Residential Construction Contractors, Consumer Lending, Title Insurance Carriers, Banks & Credit UnionsTo get access to the full industry record, register now.
Top 5 Companies
| Company | Sales | Location |
|---|---|---|
| Federal National Mortgage Association | 153,825.00M | Washington, DC |
| Federal Home Loan Mortgage Corporation | 98,368.00M | Mclean, VA |
| AUSTRALIAN MORTGAGE SECURITIES PTY LTD | 26,520.51M | Sydney, Nsw |
| JAPAN HOUSING FINANCE AGENCY | 15,138.65M | Bunkyo-Ku, Tky |
| Eurohypo Aktiengesellschaft | 11,360.98M | Eschborn, Germany |
There are 86,596 companies in this industry. To view all of them, register now.Trends
Specialization - Economies of scale encourage mortgage bankers to specialize in...
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The bank prime loan rate, an indicator of mortgage banks' revenue from lending, remains at 3.25 percent as of the week of January 13, 2012, unchanged from the same week in 2011.
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Charges Filed against Document Signers - As state attorneys general struggle to agree on punishment for robo-signing of mortgage documents, Nevada filed fraud charges against two employees of Lender Processing Services.
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