A mortgage lender will then use a mortgage as security for the lending of money. The mortgage lender is the entity that actually provides the funds to the buyer and will retain the mortgage on the property. After the mortgage is secured, the lender may sell the mortgage loan to another entity who would then become the mortgage holder.
The major manufacturers covered in this report: Wells Fargo Bank, Quicken Loans, JPMorgan Chase Bank, Bank of America, Freedom Mortgage Corp, LoanDepot, U.S. Bank, Caliber Home Loans, Flagstar Bank, United Wholesale Mortgage, Fairway Independent Mortgage Corp, Guaranteed Rate, Steams Lending, Guild Mortgage Co., Finance of America Mortgage, PrimeLending, HomeBridge Financial Services, Movement Mortgage, Pacific Union Financial, Plaza Home Mortgage Inc., New American Funding, Academy Mortgage, The Money Source, CMG Financial, Home Point Financial Corp., Eagle Home Mortgage LLC, Homestreet Bank, American Pacific Mortgage, Supreme Lending, New Penn Financial, LendUS LLC, Gateway Mortgage Group LLC, Primary Residential Mortgage Inc., MB Financial Bank NA, Sierra Pacific Mortgage, Bay Equity Home Loans.
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The mortgage industry plays an integral role in the U.S. economy. In 2017, only 21% of people who bought a home paid all-cash for their purchase. Everyone else got a mortgage. Residential property not only provides housing and employment. It is also the greatest source of wealth and savings for many families.
The national average mortgage in 2017 was $201,811. That is nearly 10% higher than the average in 2007, $183,469. After a brief dip between 2008 and 2015, mortgage debt is again on the rise. As of January 2019, American households owed a total of $9.12 trillion in mortgage debt. If you include mortgage debt from all sources, including for-profit businesses and financial institutions the total mortgage debt is $15.12 trillion.
According to the latest official data, Quicken Loans was the second-largest mortgage lender in 2017. And in the fourth quarter of 2017, Quicken Loans was the top mortgage originator in the country, according to a report by Inside Mortgage Finance. Once official data for 2018 is published by the Home Mortgage Disclosure Act, we expect Quicken Loans will have overtaken Wells Fargo for the entire year of 2018.
This report segments the global Mortgage Lender Market on the basis of Types are:
The basis Of application, the Global Mortgage Lender Market is Segmented into:
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Regions covered By Mortgage Lender Market Report 2019 to 2025.
North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
The report has 150 tables and figures browse the report description and TOC:
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