Posted To: Pipeline Press
Before we gear up for reported Christmas tree shortages and their exorbitant prices, Brent G. writes, “My family asked me what I was planning for Thanksgiving. ‘Having four margaritas before you get here’ wasn’t the answer they were looking for. The stock of publicly traded wholesalers such as UWM, Home Point, and loanDepot isn’t what current stockholders are looking for either. They continue to set new lows, reminding us that the large private equity investors who cashed out at the IPO did well. Those that still own the stock, not so much. Publicly-held private mortgage insurance companies (MGIC, Radian and Essent) aren’t faring much better but Guild, with its distributed retail model, is faring better meeting some expectations. Right or wrong, expectations…(read more)
