Loan Brokers in the US
The Loan Brokers industry is expected to expand over the five years to 2019 as access to credit and consumer incomes continue to rise. Favorable economic conditions and low interest rates have fueled consumer spending over the past five years, with purchases of homes and cars boosting demand for mortgages and auto loans. The industry is expected to continue expanding over the five years to 2024. Among the most prominent tailwinds affecting the industry is the 2018 passage of the Economic Growth, Regulatory Relief and Consumer Protection Act. This legislation serves to amend previously restrictive mortgage lending practices and is expected to further encourage lending activity in the coming years. However, interest rates are expected to increase over the five years to 2024, and as a result, mortgages will become less attractive to consumers. Moreover, external competition from commercial banks is expected to continue, as certain restrictions under the Dodd-Frank Act have been pulled back.
This industry is composed of establishments that arrange loans, especially mortgages, by bringing borrowers and lenders together on a commission or fee basis.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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