UWMC - 2 Top Stocks You Can Buy on Sale
With the stock market trading at record highs, finding pockets of value is difficult. Nearly every company is priced for perfection. But investors still find at least one sector unappetizing: mortgage origination, the business of making it possible for people to buy a home. Two of the biggest lenders in the space- Rocket (NYSE: RKT) and UWM Holdings (NYSE: UWMC) have characteristics that make them leaders in their respective markets. These stocks are the biggest in their respective spaces, giving them the best chance to dominate the market going forward.
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Mortgage originators assemble the loan for a prospective homebuyer or homeowner. Unlike banks, which view mortgages as investments, companies like Rocket and UWM Holdings generally do not hold on to the loans they make. They'll make a loan, sell it for more than the amount they lent out -- since whoever buys the loan from them will enjoy a steady flow of additional interest payments from the borrower for years to come -- and pocket both that profit, and the $2,000 or so in fees they've charged the borrower for making the loan in the first place.
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2 Top Stocks You Can Buy on Sale