Real Estate Loans & Collateralized Debt in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: November 2023
NAICS 52229Revenue
$480.6bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
590k
Businesses
32,397
Wages
$XX.Xbn
Real Estate Loans & Collateralized Debt in the US industry analysis
The Real Estate Loans and Collateralized Debt industry is composed of nondepository institutions that conduct primary and secondary market lending. Operators in this industry include government agencies in addition to non-agency issuers of mortgage-related securities. Through 2023, rising per capita disposable income and low levels of unemployment helped fuel the increase in primary and secondary market sales of collateralized debt. Nonetheless, due to the outbreak of COVID-19 and the sharp contraction in economic activity due to lockdowns, revenue contracted in 2020, but has since rebounded as the economy has normalized and interest rates have shot up. These trends caused revenue to grow at a CAGR of 0.4% to an estimated $480.6 billion through 2023, with an anticipated spike of 6.4% in 2023. Profit, measured as revenue-less interest and noninterest income, is expected to account for 9.7% of revenue in 2023.
Trends and Insights
- The strength of the real estate market fuels consistent growth for institutions. As homeownership rates continue to grow and 30-year mortgage rates remain elevated, core revenue streams such as mortgage-backed securities generate larger revenue.
- Rapid economic recovery strengthens consumer lending space. As economic conditions improve and consumer confidence rises, there is higher propensity among individual consumers for loans to cover necessary expenses.
- Booming population adds opportunities for institutions. Regions that have a growing population presence create a more diverse customer base that has a variety of lending needs.
- Offering competitive interest rates on mortgages exacerbates internal competition. Institutions that are able to efficiently sell mortgages in the primary market do so on a competitive price basis advantageous to both parties.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $480.6bn in 2023.
Trends and Insights
Strong economic recovery following COVID-19 boosts institutions' revenue
- Nondepository institutions are heavily dependent on stable economic conditions and favorable interest rates to ensure a steady stream of revenue and customer demand for their services.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Uncertainty in the real estate market poised to push back institutional gains
- Although institutions are poised to benefit from strong consumer confidence moving forward, newfound uncertainty surrounding the real estate market is set to reverse gains made following COVID-19.
Biggest companies in the Real Estate Loans & Collateralized Debt in the US
| Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
|---|---|---|---|---|
Federal National Mortgage Association | 33,888.0 | 22,565.2 | 66.6 | |
Federal Home Loan Mortgage Corporation | 7,531.8 | 1,318.1 | 17.5 | |
Meta Financial Group Inc. | 1,042.3 | 182.4 | 17.5 |
To view the market share and analysis for all 13 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Secondary market financing, Loans and Other. Secondary market financing is the largest segment of the Real Estate Loans & Collateralized Debt in the US.
Trends and Insights
Strong economic rebound strengthens performance of loans
- This product segment generates revenue from the sale of loans across three core sectors: consumer, business and real estate lending.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Commercial Banking in the US
- Savings Banks & Thrifts in the US
- Credit Unions in the US
- Industrial Banks in the US
Complementors
- Credit Card Issuing in the US
- Loan Brokers in the US
International industries
- Non-Depository Financing in Australia
- Non-Banks and Other Financial Institutions in New Zealand
- Non-Depository Financing in the UK
Table of Contents
About this industry
Industry definition
The industry comprises nondepository operators that specialize in primary and secondary market lending. Unlike banks and other traditional lenders, industry participants do not rely on deposits to issue loans. Instead, to finance primary market lending to consumers and business, industry operators generate income by securitizing and selling mortgages and other loans on the secondary market. The industry also includes miscellaneous forms of collateralized lending, such as pawn lending.
What's included in this industry?
Secondary market financing and securitization (i.e. MBSs and CDOs)Loans (businesses, real estate, consumers) Consumer lending and financingProviding other nondepository credit intermediation (i.e. pawnshop operations)International trade financingCompanies
Federal National Mortgage AssociationFederal Home Loan Mortgage CorporationMeta Financial Group Inc.Purchase this report to view all 13 major companies in this industry.
Related Terms
MORTGAGE-BACKED SECURITIESCOLLATERALIZED DEBT OBLIGATIONSADJUSTABLE-RATE MORTGAGES (ARMS)PRIME MORTGAGESUBPRIME MORTGAGEPAYDAY LOANIndustry Code
NAICS 52229 - Real Estate Loans & Collateralized Debt in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The strength of the real estate market fuels consistent growth for institutions. As homeownership rates continue to grow and 30-year mortgage rates remain elevated, core reve...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Rapid economic recovery strengthens consumer lending space. As economic conditions improve and consumer confidence rises, there is higher propensity among individual consumer...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Booming population adds opportunities for institutions. Regions that have a growing population presence create a more diverse customer base that has a variety of lending need...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Offering competitive interest rates on mortgages exacerbates internal competition. Institutions that are able to efficiently sell mortgages in the primary market do so on a c...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
One company owns more than a 5.0% share of the market. The strong presence of government backing within the Federal National Mortgage Association enhances market presence.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Federal National Mortgage Association's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Federal Home Loan Mortgage Corporation's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Meta Financial Group Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 10 additional companies
Detailed analysis
- Description and key data for Federal National Mortgage Association, and factors influencing its performance in the industry
- Description and key data for Federal Home Loan Mortgage Corporation, and factors influencing its performance in the industry
- Description and key data for Meta Financial Group Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for 10 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Steady growth in the homeownership rate boosts revenue growth for institutions. As more consumers become homeowners, there is higher demand for mortgages, fueling a core reve...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Economic instability negatively impacts profitability. As institutions face a negative economic environment and an unfavorable interest rate situation, institutions will suff...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Real Estate Loans & Collateralized Debt in the US industry in United States in 2024?
The market size of the Real Estate Loans & Collateralized Debt in the US industry in United States is $480.6bn in 2024.
How many businesses are there in the Real Estate Loans & Collateralized Debt in the US industry in 2023?
There are 32,397 businesses in the Real Estate Loans & Collateralized Debt in the US industry in United States, which has grown at a CAGR of 0.3 % between 2018 and 2023.
Has the Real Estate Loans & Collateralized Debt in the US industry in United States grown or declined over the past 5 years?
The market size of the Real Estate Loans & Collateralized Debt in the US industry in United States has been growing at a CAGR of 0.4 % between 2018 and 2023.
What is the forecast growth of the Real Estate Loans & Collateralized Debt in the US industry in United States over the next 5 years?
Over the next five years, the Real Estate Loans & Collateralized Debt in the US industry in United States is expected to grow.
What are the biggest companies in the Real Estate Loans & Collateralized Debt in the US market in United States?
The biggest companies operating in the Real Estate Loans & Collateralized Debt market in United States are Federal National Mortgage Association, Federal Home Loan Mortgage Corporation and Meta Financial Group Inc.
What does the Real Estate Loans & Collateralized Debt in the US in United States include?
Secondary market financing and securitization (i.e. MBSs and CDOs) and Loans (businesses, real estate, consumers) are part of the Real Estate Loans & Collateralized Debt in the US industry.
Which companies have the highest market share in the Real Estate Loans & Collateralized Debt in the US in United States?
The company holding the most market share in United States is Federal National Mortgage Association.
How competitive is the Real Estate Loans & Collateralized Debt in the US industry in United States?
The level of competition is moderate and decreasing in the Real Estate Loans & Collateralized Debt in the US industry in United States.
