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 | 137,451.00M | Washington, DC |
| Federal Home Loan Mortgage Corporation | 88,262.00M | Mclean, VA |
| JAPAN HOUSING FINANCE AGENCY | 15,138.65M | Bunkyo-Ku, Tky |
| COEUR DE LION HOLDINGS PTY LTD | 8,545.15M | Millers Point, Nsw |
| Eurohypo Aktiengesellschaft | 7,928.32M | Eschborn, Germany |
There are 71,665 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 May 14, 2012, unchanged from the same week in 2011.
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Audits of Mortgage Servicers Point to Concerns - As audits of mortgage lenders become more frequent, deficiencies are being brought to light. Roughly half of Fannie Mae's largest loan servicers failed to receive...
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