1 Question I Have for Intercontinental Exchange
While Intercontinental Exchange (NYSE: ICE) is most famous for owning the New York Stock Exchange, it has also been investing heavily in the mortgage space. And on the company's fourth-quarter earnings conference call, most of the analyst questions revolved around the company's mortgage arm. Last year was the best for mortgage bankers since 2003, and 2021 should be another blockbuster year.
I understand the company's current focus on the mortgage value chain, but there's one area I think is missing: whole loan trading, or what is known in the industry as "secondary." Why doesn't Intercontinental Exchange have a whole loan trading exchange? And if it doesn't develop one, should it buy one?
Source Fool.com
