Total Revenue for Mortgage and Nonmortgage Loan Brokers, Establishments Subject to Federal Income Tax, Employer Firms
This dataset tracks total revenue for mortgage and nonmortgage loan brokers, establishments subject to federal income tax, employer firms over time.
Latest Value
13392.00
Year-over-Year Change
112.00%
Date Range
1/1/2009 - 1/1/2022
Summary
The 'Total Revenue for Mortgage and Nonmortgage Loan Brokers, Establishments Subject to Federal Income Tax, Employer Firms' trend measures revenue for loan broker firms that pay federal income tax and have employees. This provides insight into the financial health and activity of the loan brokerage industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks total revenue generated by mortgage and non-mortgage loan brokerages that file federal income taxes and have at least one employee. It serves as a barometer for the loan brokerage sector, which plays a crucial role in facilitating real estate and consumer finance transactions.
Methodology
The data is collected through surveys of employer firms in the loan brokerage industry.
Historical Context
Policymakers and analysts monitor this trend to assess conditions in credit markets and the broader financial sector.
Key Facts
- Loan brokers facilitate over $2 trillion in mortgage and consumer loan transactions annually.
- The loan brokerage industry employs over 300,000 people in the United States.
- Total industry revenue exceeds $50 billion per year.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by mortgage and non-mortgage loan brokerages that are subject to federal income tax and have at least one employee.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the financial health and activity of the loan brokerage industry, which plays a crucial role in facilitating real estate and consumer finance transactions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms in the loan brokerage industry.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess conditions in credit markets and the broader financial sector.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Total Revenue for Mortgage and Nonmortgage Loan Brokers, Establishments Subject to Federal Income Tax, Employer Firms (REVEF52231TAXABL), retrieved from FRED.