(NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced that Fourth Capital Bank – a Nashville, TN-based community bank – now offers Rocket Mortgage’s best-in-class digital home loan application process solution through integration with Q2’s digital banking platform. Note: Some of the above may now be closed mortgage companies or in bankruptcy proceedings at this point, thanks to the ongoing mortgage crisis.Powered by Q2, Fourth Capital can now provide clients with easy access to Rocket Mortgage directly from the bank’s mobile app and online banking experienceĪustin, TX (January 31, 2022) – Q2 Holdings, Inc. After all, there’s a reason they are at 52-week lows with minuscule PE ratios.
They all do different things, and will benefit or suffer accordingly. You need to understand the complexities of the industry before diving in. So be sure to look at mortgage stocks carefully. That being said, all banks involved in mortgage are likely to suffer in a cooling housing market, but especially the originators as they have little diversification, if any at all.Īnd the larger banks have a variety of income streams that will offset any major losses in one sector. The key to the success of the companies that originate and service mortgage loans is that though loan origination may slow, they can fall back on the servicing of the loans.Īnd when production slows, loan servicing picks up speed as homeowners hold onto their mortgages longer, increasing the amount of interest earned which boosts profits. Let’s not forget the title insurance and escrow providers, including: LendingTree ( NYSE:TREE) Publicly-Traded Title Insurance Companies Then there are the mortgage tech companies, which include the following data and analytics specialists: ( NYSE:OCN) Mortgage Insurance StocksĪnother important group of mortgage companies are the private mortgage insurers, which insure conventional mortgages, otherwise known as those loans the FHA does not get their hands on: Nationstar Mortgage Holdings Inc ( NYSE:NSM) These companies collect monthly payments and handle loss mitigation activity, if necessary. Though many mortgages are sold off by the companies that originate them, they are often serviced by other companies, known as mortgage servicers. VanEck Vectors Mortgage REIT Income ETF ( NYSEARCA: MORT) Publicly-Traded Mortgage Servicing Companies IShares Mortgage Real Estate ETF ( BATS: REM)Ĭredit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ( NYSEARCA: REML) Two Harbors ( NYSE:TWO) Mortgage REIT ETFs PennyMac Mortgage Investment Trust ( NYSE:PMT) ( NYSE:ARR)Īnd those that purchase non-agency MBS, such as jumbo mortgages, including: ( NASDAQ:AGNC)ĪRMOUR Residential REIT, Inc. There are also publicly traded companies that purchase mortgages and mortgage-backed securities, including those that buy agency MBS (backed by Fannie and Freddie):Īmerican Capital Agency Corp.
These stocks are generally regarded as worthless now that the pair have entered conservatorship, though they are still actively traded on the OTC bulletin board. Then there are the two public/private mortgage companies that buy residential mortgage loans and securitize mortgages from mortgage lenders (also known as GSEs, or government-sponsored enterprises): Publicly-Traded Mortgage Finance Companies United Wholesale Mortgage ( NYSE: UWMC).( Quicken Loans and Rocket Mortgage) ( NYSE: RKT) PennyMac Financial Services ( NYSE: PFSI).Caliber Home Loans (NYSE: HOMS coming soon).Some of the largest banks and mortgage lenders that originate mortgage loans include: From there, you can do your own research to discover possible investments, if there are any. In terms of finding a diamond in the rough, you might be able to get a good idea of how a mortgage stock could perform simply by keeping an eye on the housing market.īut you need to get ahead of the market to pick the next winner due to the erratic nature of the business.Īnyway, let’s look at different groups of mortgage players based on what they do.
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