Some investors in mortgage equities are putting their money to work elsewhere, but that hasn’t stopped fintech lender Better.com from entering into a SPAC/IPO maneuver. Launch time: the fall of 2021.
Equities watcher Henry Coffey writes: “As the largest player in the wholesale or broker direct channel, UWM does have some pricing power, and over time, we are expecting to see pressure on margins ease and the big three to five players in the market settle into a more balanced cadence…”
Joe Garrett: “Companies that don’t seem to get too agitated about the occasional loss, and we’ve seen too many of them, seem to have more and larger losses than those companies that are obsessive about not losing money.”