NAICS category

Investment Banking and Securities Intermediation

NAICS 523150

FY2026 ended Sep 30 · data still posting · data as of 2026-11-01†

† DoD contract data posts to USAspending about 90 days after award.

Part of Finance and Insurance →

$257.2M
Federal awards
FY2026 · data still posting
1
Recipients
NAICS 523150
Code

NAICS code 523150 (Investment Banking and Securities Intermediation) accounted for $257.2M in federal contracts in FY2026, led by the Department of Housing and Urban Development, across 1 recipient. Its largest recipient on record was Carrington Mortgage Services LLC, with 91%. FY2026 ended Sep 30 and its data is still posting. Computed

Obligations by year

Computed
$29M
FY23
$789.9M
FY24
$86.8M
FY25
$257.2M
FY26 partial
▲ 200%
FY23 to FY25

Key takeaways

Computed
FY2026 ended Sep 30 · data still posting · data as of 2026-11-01
  • Investment Banking and Securities Intermediation (NAICS 523150) accounted for $257.2M in federal obligations in FY2026, compared with $86.8M in FY2025.
  • The Department of Housing and Urban Development provided 100% of it.
  • Its largest recipient was Carrington Mortgage Services LLC, with 91%.

Top recipients

Computed
Carrington Mortgage Services LLC$235.8M

Recipient breakdown available for 91% of obligations shown

Top funding agencies

Computed
Department of Housing and Urban Development$257.2M

Awards

Source

Largest FY2026 awards in this category

Awards coded NAICS 523150 that started in FY2026, by the amount obligated on each so far.

No award on record in this category started in FY2026.

Largest awards in this category

Single Family Master Subservicer Services in Support of Ginnie Mae's…
awarded 2023$1.1B
Single Family Master Subservicer Services in Support of Ginnie Mae's…
awarded 2023$89.8M

Total value over each award’s life, largest first.

Related

Why the labels? The graph is only worth anything if the links are trusted. Facts taken straight from a federal filing are Source; figures we calculate are Computed; links we infer (corporate parents, districts, similar contractors, connections between records) are Inferred, worded carefully, never asserted as fact and never a claim that one thing caused another. Spot an error? Tell us.