Here Is Why United Wholesale Is Designed to Compete in This Mortgage Market
As investors become more positive on the economy, the mortgage banking sector is becoming more negative on things. While 2020 was the best year for the industry since 2003, and 2021 should also prove to be almost as good, interest rates are rising. That means business will weaken into the latter half of the year and into 2022.
We have already seen heavy merger activity in the sector, as companies bulk up or sell out. One mortgage company that is built to compete in this environment is United Wholesale (NYSE: UWMC).
Source Fool.com