This year has been one for the ages for the mortgage origination sector. The Fed's aggressive actions in response to the coronavirus crisis lowered mortgage rates and triggered one of the best refinancing waves in the past 20 years.
Mortgage originators such as Rocket Companies (NYSE: RKT), Guild Holdings IV, and United Wholesale Mortgage found the market to be receptive to mortgage banking initial public offerings (IPOs). Rocket has been public for a few months now and continues to report strong earnings.
Image source: Getty Images.
Source Fool.com