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Mortgage stocks are in free fall. So what’s next?

#2022

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mortgage rates, mortgage rates decrease, lower mortgage rates

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Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead.

Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. 

How could they resist? It was, after all, a once-in-a-lifetime opportunity for founders and private equity backers to cash in on historic origination volume. 

During details ⇒

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