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Mortgage Banking

Mortgage Banking

Brief Excerpt from Industry Overview Chapter:

Companies in this industry lend money with real estate as collateral. Major companies based in the US include units of Bank of America, JPMorgan Chase, and Wells Fargo, as well as Quicken Loans; other major companies include units of Barclays Bank (UK), BNP Paribas (France), Deutsche Bank (Germany), and Nationwide Building Society (UK).

COMPETITIVE LANDSCAPE

Demand for mortgage services is driven by home sales and the refinancing that occurs when mortgage rates are low. The profitability of individual companies depends on volume, interest rate spreads, and efficient operations. Large companies have big economies of scale in operations. Small companies compete successfully by funneling mortgages to the large companies. The US industry is concentrated: the eight largest companies generate about 50% of revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Mortgage banks lend money to homeowners with the home as collateral; some specialize in lending to farms or businesses, also with real estate as collateral.


Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

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