Mortgage/Loan Broker Market Analysis, Trends, and Scope 2021 to 2022
Mortgage/Loan Broker Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 297.3 Billion |
Market Size by 2031 | US$ 931.24 Billion |
Global CAGR (2023 - 2031) | 15.3% |
Historical Data | 2021-2023 |
Forecast period | 2023-2031 |
Segments Covered |
By Enterprise Size
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The "Mortgage/Loan Broker Market Analysis" was carried out based on enterprise size, application, end-user, and geography. In terms of enterprise size, the mortgage/loan broker market is categorized into large enterprises and small and small enterprises (SMEs). On the basis of application, the market is segregated into home loans, commercial and industrial loans, vehicle loans, loans to governments, and others. Based on end-user, the mortgage/loan broker market is segmented into businesses and individuals. By region, the mortgage/loan broker market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
Mortgage/Loan Broker Market News and Recent Developments
The mortgage/loan broker market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. Companies adopt inorganic and organic strategies such as mergers and acquisitions in the mortgage/loan broker market. A few recent key market developments are listed below:
- In March 2024, BCA offers a special interest rate of 2.67% for mortgages to new families looking for a home. [Source: BCA, Company Website]
- In November 2023, China Zheshang Bank and Bank Sinopac acted as green loan coordinators on club loan facilities of US$ 1.33 (RMB 1.24) billion for Gaw Capital-managed assets. [Source: Gaw Capital Partners, Company Website]
- In May 2023, JPMorgan Chase & Co acquired assets of First Republic Bank from the Federal Deposit Insurance Corporation (FDIC) to advance their wealth strategy. JPMorgan Chase & Co acquired the substantial majority of shares of approximately US$ 173 billion of loans and approximately $30 billion of securities. [Source: JPMorgan Chase & Co, Company Website]
- February 2023, Qatar National Bank announced a commitment of US$ 3 million of first mortgage funding to low-to-moderate income individuals through its QNB Housing Opportunity Program. [Source: Qatar National Bank, Company Website]
- In August 2022, Bank of America Corp announced a new mortgage solution for first-time homebuyers that offers a bank-provided down payment and no closing costs. The Community Affordable Loan Solution is available for properties in Black/African American and Hispanic-Latino communities, as defined by the U.S. Census, in Charlotte, Dallas, Detroit, Los Angeles, and Miami. [Source: Bank of America Corp, Company Website]
- In January 2022, PennyMac Loan Services, LLC announced the changing name of its broker direct division to Pennymac TPO. The company helps its broker and non-delegated correspondent partners find new ways to grow their businesses by extending their expertise, resources, and power. The company is planning to debut POWER+, a next-generation technology platform that gives brokers more speed, control and access to expert advice, guidance, and real-time engagement that enable them to deliver a great experience to their customers and referral partners. [Source: PennyMac Loan Services, LLC, Company Website]
Mortgage/Loan Broker Market Report Coverage & Deliverables
The market report on “Mortgage/Loan Broker Market Size and Forecast (2021–2031)”, provides a detailed analysis of the market covering below areas-
- Market size & forecast at global, regional, and country- level for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities.
- Key future trends.
- Detailed PEST & SWOT analysis
- Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, key players, recent developments.
- Detailed company profiles.