United States mortgage industry
E1004369
The United States mortgage industry is the vast financial sector that originates, funds, services, and securitizes home loans, playing a central role in American housing finance and the broader economy.
Observed surface forms (2)
| Surface form | Occurrences |
|---|---|
| United States housing finance system | 1 |
| United States mortgage servicers | 1 |
Statements (65)
| Predicate | Object |
|---|---|
| instanceOf | financial industry sector ⓘ |
| affectedBy |
United States housing market conditions
ⓘ
United States macroeconomic conditions ⓘ interest rate policy of the Federal Reserve ⓘ |
| componentOf |
United States financial system
NERFINISHED
ⓘ
United States housing finance system NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| economicRole |
channels savings into residential real estate lending
ⓘ
facilitates homeownership in the United States ⓘ supports construction and real estate industries ⓘ |
| governedBy |
Dodd–Frank Wall Street Reform and Consumer Protection Act
NERFINISHED
ⓘ
Home Ownership and Equity Protection Act NERFINISHED ⓘ Real Estate Settlement Procedures Act NERFINISHED ⓘ Secure and Fair Enforcement for Mortgage Licensing Act NERFINISHED ⓘ Truth in Lending Act NERFINISHED ⓘ |
| historicallyAssociatedWith |
United States housing bubble of the 2000s
NERFINISHED
ⓘ
global financial crisis of 2007–2008 ⓘ subprime mortgage crisis NERFINISHED ⓘ |
| influencedBy |
Department of Veterans Affairs
NERFINISHED
ⓘ
Fannie Mae NERFINISHED ⓘ Federal Housing Administration NERFINISHED ⓘ Freddie Mac NERFINISHED ⓘ Ginnie Mae NERFINISHED ⓘ United States Department of Agriculture NERFINISHED ⓘ |
| involves |
commercial banks
ⓘ
credit unions ⓘ government-sponsored enterprises ⓘ institutional investors ⓘ mortgage brokers ⓘ mortgage insurers ⓘ mortgage lenders ⓘ mortgage servicers ⓘ mortgage-backed securities issuers ⓘ nonbank mortgage companies ⓘ savings and loan associations ⓘ |
| offersProductType |
FHA-insured mortgage
ⓘ
USDA-guaranteed mortgage ⓘ VA-guaranteed mortgage ⓘ adjustable-rate mortgage ⓘ conventional mortgage ⓘ fixed-rate mortgage ⓘ home equity line of credit ⓘ home equity loan ⓘ jumbo mortgage ⓘ reverse mortgage ⓘ subprime mortgage ⓘ |
| primaryFunction |
funding of residential mortgage loans
ⓘ
origination of residential mortgage loans ⓘ securitization of residential mortgage loans ⓘ servicing of residential mortgage loans ⓘ |
| regulatedBy |
Consumer Financial Protection Bureau
NERFINISHED
ⓘ
Federal Deposit Insurance Corporation NERFINISHED ⓘ Federal Reserve System NERFINISHED ⓘ National Credit Union Administration NERFINISHED ⓘ Office of the Comptroller of the Currency NERFINISHED ⓘ state banking regulators ⓘ state insurance regulators ⓘ state mortgage regulators ⓘ |
| riskType |
credit risk
ⓘ
interest rate risk ⓘ liquidity risk ⓘ prepayment risk ⓘ systemic risk ⓘ |
| usesInstrument |
collateralized mortgage obligation
ⓘ
mortgage-backed security ⓘ |
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
United States housing finance system
this entity surface form:
United States mortgage servicers