3 Mortgage & Related Services Stocks to Buy on Industry Recovery
AGMFederal Agricultural Mortgage (AGM) Zacks Investment Research·2024-03-15 23:31

The Zacks Mortgage & Related Services industry is poised to benefit from expectations of interest rate cuts, which is anticipated to propel mortgage production activity. Continued pullback of banks from mortgage lending due to new capital requirements for mortgage-related assets and bright prospects of the reverse mortgage industry is likely to aid gains-on-sale (GOS) margins.As the industry recovers from a high interest-rate scenario, it might be wise to focus on mortgage service providers like PennyMac Fi ...