Rocket, which had a fairly good third quarter, has acquired 5.7 million units of its own stock at an average price of $16.42. Its IPO price was $18.00…
No one’s shouting “fire” in a crowded non-QM movie house yet, but there are scattered concerns whole-loan pricing may have gotten ahead of itself. Something to keep an eye on?
Almost across the board, origination profitability improved in the July-September period, but some lenders remain nervous and a shake-up could be coming as 2022 approaches.