Mortgage IPO Boom Faces Market Turbulence

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Nonbank lenders have had a strong year, but October’s market shakeout could stall the fundraising train

Mortgage lenders hoping to take advantage of a surprisingly prosperous year are facing a big challenge: rising market turbulence.

The August market debut of Quicken Loans parent Rocket Cos. kicked off a flurry of planned public listings for mortgage companies, marking a major reversal for a group that just two years ago was under significant pressure. At least six of the 30 largest U.S. mortgage lenders have gone public this year or are seeking to, according to industry-research group Inside Mortgage Finance.

 

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Wall Street's top analysts say buy these stocks amid the market turbulenceTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, like Pinterest and O'Reilly Automotive. 😂the US is in a f’kin recession right now with high unemployment and you think that stocks are not going to feel the effects of another republiCon caused depression! Because that’s where we are headed😂😂😂
Source: CNBC - 🏆 12. / 72 Read more »

The Serious Disconnect Between A Hot Residential Real Estate Market And The Coming Tsunami Of ForeclosuresThe residential real estate market doesn't seem to be taking into account the large number of foreclosures that will soon hit the market. On the contrary.... the foreclosure market has been baked in for months which is EXACTLY why the unregulated Realtor industry has been hyping low interest rates to artificially puff up housing prices ala 2005/06. Can you say underwater bubble in 2022? Sager0202
Source: Forbes - 🏆 394. / 53 Read more »