Industry Description
This U.S. industry comprises establishments primarily engaged in buying, pooling, and repackaging loans for sale to others on the secondary market.
Illustrative Examples:
Federal Home Loan Mortgage Corporation (FHLMC)
Government National Mortgage Association (GNMA)
Federal National Mortgage Association (FNMA)
Student Loan Marketing Association (SLMA)
Business Examples
Common types of business activities within NAICS 522294 - Secondary Market Financing are:
- Collateralized mortgage obligation (CMO) issuing, private
- Student Loan Marketing Association (SLMA)
- FNMA (Federal National Mortgage Association)
- Federal Intermediate Credit Bank
- Financing, secondary market
- Government-sponsored enterprises providing secondary market financing
- Secondary market financing (i.e., buying, pooling, repackaging loans for sale to others)
- SLMA (Student Loan Marketing Association)
- Repackaging loans for sale to others (i.e., private conduits)
- Federal Agricultural Mortgage Corporation
- Government National Mortgage Association (GNMA)
- REMICs (real estate mortgage investment conduits) issuing, private
- Federal National Mortgage Association (FNMA)
- Federal Home Loan Mortgage Corporation (FHLMC)
- Real estate mortgage investment conduits (REMICs) issuing, private
- GNMA (Government National Mortgage Association)
- FHLMC (Federal Home Loan Mortgage Corporation)
IBISWorld Industry Research Report
Real Estate Loans & Collateralized Debt in the US (52229)
Revenue 2025
$488.9bn
Growth 2025
-0.09%
Key Trends
Higher access to credit and greater disposable income have fueled primary market lending
Rapid economic recovery fuels strong revenue growth
Volatile real estate markets threaten future revenue growth
Products and Services
NAICS Hierarchy 522294 - Secondary Market Financing
NAICS Code 522294 - Secondary Market Financing sits in the 2-digit Secondary Market Financing sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 52
Sector Title: Finance and Insurance
3 Digits 4 Digits 5 Digits 6 Digits
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5211 Monetary Authorities-Central Bank
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52111 Monetary Authorities-Central Bank
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5221 Depository Credit Intermediation
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52211 Commercial Banking
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52212 Savings Institutions
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52213 Credit Unions
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52219 Other Depository Credit Intermediation
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5222 Nondepository Credit Intermediation
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52221 Credit Card Issuing
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52222 Sales Financing
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52229 Other Nondepository Credit Intermediation
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5223 Activities Related to Credit Intermediation
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52231 Mortgage and Nonmortgage Loan Brokers
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52232 Financial Transactions Processing, Reserve, and Clearinghouse Activities
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52239 Other Activities Related to Credit Intermediation
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5231 Securities and Commodity Contracts Intermediation and Brokerage
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52311 Investment Banking and Securities Dealing
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52312 Securities Brokerage
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52313 Commodity Contracts Dealing
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52314 Commodity Contracts Brokerage
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5232 Securities and Commodity Exchanges
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52321 Securities and Commodity Exchanges
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5239 Other Financial Investment Activities
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52391 Miscellaneous Intermediation
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52392 Portfolio Management
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52393 Investment Advice
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52399 All Other Financial Investment Activities
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5241 Insurance Carriers
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52411 Direct Life, Health, and Medical Insurance Carriers
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52412 Direct Insurance (except Life, Health, and Medical) Carriers
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52413 Reinsurance Carriers
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5242 Agencies, Brokerages, and Other Insurance Related Activities
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52421 Insurance Agencies and Brokerages
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52429 Other Insurance Related Activities
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5251 Insurance and Employee Benefit Funds
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52511 Pension Funds
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52512 Health and Welfare Funds
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52519 Other Insurance Funds
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5259 Other Investment Pools and Funds
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52591 Open-End Investment Funds
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52592 Trusts, Estates, and Agency Accounts
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52599 Other Financial Vehicles
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Similar Industries Niche and Emerging
IBISWorld provides research on hundreds of niche and emerging industries, including the following for 522294 - Secondary Market Financing.
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