The global mortgage lending market revenue was around US$ 12,578.52 billion in 2022 and is estimated to reach US$ 28,467.98 billion by 2031, growing at a compound annual growth rate (CAGR) of 9.5% during the forecast period from 2023 to 2031.
Mortgage lending is the financial institution name that lends consumers money. A mortgage bank or financial organization that provides and underwrites house loans. The interest rate, terms, repayment plan, and other essential mortgage components are determined by mortgage lending.
Market Driving Factors
Shorter loan application processes are estimated to boost the market. This is mainly due to the mortgage lending seeks to approve loan applications within 24 hours. In addition, applying for mortgage financing typically takes less time because it only requires completing an internet form, emailing a few documents, and discussing the loan details. Furthermore, small company owners can apply for a mortgage loan with ease due to the quick application process. As a result, the mortgage lender utilizes these documents and determines if borrowers qualify for their financing.
The surge in focus toward digitalizing the lending process is expected to drive market growth. Digitization has been one of the most broadly adopted strategies in financial services to enhance core processing capabilities and provide better customer services and insights. As a result, FinTech organizations have reportedly raised their sales percentage by concentrating on the digitalization of their financial services.
Access to large sums of cash is predicted to propel the market. This is due to the small business owners usually do not have the financial ability to increase funding in the debt or equity markets. Additionally, this can make starting a business extremely risky and expensive. As a result, with mortgage lending, it is possible to cover all business startup expenditures with a profiting mortgage loan.
Increasing rates of mortgage interest is expected to hamper the market.
Regional Analysis
North America dominated the market in terms of the largest shares. This can be primarily attributed to the fact that the federal government made various programs, or government-sponsored entities, to promote mortgage banking, and construction and facilitate home ownership. In addition, these programs include the Federal National Mortgage Association (known as Fannie Mae), the Government National Mortgage Association (known as Ginnie Mae), and the Federal Home Loan Mortgage Corporation (known as Freddie Mac). Thus, these growing initiatives by the government are propelling the market growth in the region.
Europe is estimated to dominate the market in terms of the fastest growth. This is mainly owing to various factors like increasing income levels, surge in affordability, and financial support. Furthermore, in the region, developers are more financially stable and organized. As a result, Housing finance companies (HFCs) and banks offer mortgage financing in the region.
Segmentation Insights
Type of Mortgage Loan Insight
The conventional mortgage loans segment dominates the market in terms of the highest shares. This is due to the conventional loans require less paperwork and be approved quickly. Furthermore, mortgage lenders that accept conventional loans can avoid the typical delays related to government-backed loans.
Provider Insight
The primary mortgage lender segment dominates the market in terms of revenue. This is owing to the mortgage bankers and originator's help with the transaction and submitting the mortgage request to a bank for loan closing. In addition, brokers receive compensation for their services since they refer customers to primary lenders. However, the borrowers gain from having the broker search for the best deal depending on their credit and the specified conditions. Thus, these represent the main trends for primary mortgage lenders.
Prominent Companies
Segmentation Outline
The global mortgage lending market segmentation focuses on the Type of Mortgage Loan, Mortgage Loan Terms, Interest Rate, Provider, and Region.
By Type of Mortgage Loan
By Mortgage Loan Terms
By Interest Rate
By Provider
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL MORTGAGE LENDING MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: MORTGAGE LENDING MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL MORTGAGE LENDING MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL MORTGAGE LENDING MARKET, BY TYPE OF MORTGAGE LOAN
5.1 OVERVIEW
5.2 CONVENTIONAL MORTGAGE LOANS
5.3 JUMBO LOANS
5.4 GOVERNMENT-INSURED MORTGAGE LOANS
5.5 OTHERS
6 GLOBAL MORTGAGE LENDING MARKET, BY MORTGAGE LOAN TERMS
6.1 OVERVIEW
6.2 30-YEAR MORTGAGE
6.3 20-YEAR MORTGAGE
6.4 15-YEAR MORTGAGE
6.5 OTHERS
7 GLOBAL MORTGAGE LENDING MARKET, BY INTEREST RATE
7.1 OVERVIEW
7.2 FIXED-RATE MORTGAGE LOAN
7.3 ADJUSTABLE-RATE MORTGAGE LOAN
8 GLOBAL MORTGAGE LENDING MARKET, BY PROVIDER
8.1 OVERVIEW
8.2 PRIMARY MORTGAGE LENDER
8.2.1 BANKS
8.2.2 CREDIT UNIONS
8.2.3 NBFC
8.2.4 OTHERS
8.3 SECONDARY MORTGAGE LENDER
9 GLOBAL MORTGAGE LENDING MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL MORTGAGE LENDING MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 BNP PARIBAS
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 STANDARD CHARTERED PLC
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 QATAR NATIONAL BANK
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 SOFI
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 ROCKET MORTGAGE LLC
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 FEDERAL NATIONAL MORTGAGE ASSOCIATION
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 CLEAR CAPITAL
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8 MITSUBISHI UFJ FINANCIAL GROUP
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 BANK OF AMERICA CORPORATION
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 ROOSTIFY
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.11 MR. COOPER
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS
11.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.12 CHINA ZHESHANG BANK
11.12.1 OVERVIEW
11.12.2 FINANCIAL PERFORMANCE
11.12.3 PRODUCT OUTLOOK
11.12.4 KEY DEVELOPMENTS
11.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.13 PT BANK CENTRAL ASIA TBK
11.13.1 OVERVIEW
11.13.2 FINANCIAL PERFORMANCE
11.13.3 PRODUCT OUTLOOK
11.13.4 KEY DEVELOPMENTS
11.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.14 ROYAL BANK OF CANADA
11.14.1 OVERVIEW
11.14.2 FINANCIAL PERFORMANCE
11.14.3 PRODUCT OUTLOOK
11.14.4 KEY DEVELOPMENTS
11.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.15 ALLY
11.15.1 OVERVIEW
11.15.2 FINANCIAL PERFORMANCE
11.15.3 PRODUCT OUTLOOK
11.15.4 KEY DEVELOPMENTS
11.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.16 JP MORGAN & CHASE
11.16.1 OVERVIEW
11.16.2 FINANCIAL PERFORMANCE
11.16.3 PRODUCT OUTLOOK
11.16.4 KEY DEVELOPMENTS
11.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.17 TRUIST FINANCIAL CORPORATION
11.17.1 OVERVIEW
11.17.2 FINANCIAL PERFORMANCE
11.17.3 PRODUCT OUTLOOK
11.17.4 KEY DEVELOPMENTS
11.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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