The recently IPO'd mortgage loan company has benefited from two major tailwinds in 2020:
, which have led to a boom in refinancing of existing mortgages, and a surge in demand for homes as people flee cities for backyards in the suburbs amid the COVID-19 pandemic.preliminary second quarter earnings, which revealed some eye-popping growth figures for the Ohio-based company.Adjusted net income:$72.
Subprime mortgage lenders do great until the housing bubble bursts.
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