"We prefer names which typically benefit more on a relative basis from higher purchase volumes." KBW pointed to Pennymac Financial Services and United Wholesale Mortgage as purchase market ...
With capital markets pricing a 25-basis-point (bps) cut to the Federal Reserve’s benchmark rate following this week’s Federal Open Market Committee (FOMC) meeting, Mortgage Capital Trading Inc. (MCT), ...
They will probably be less enthusiastic about creating new jobs." How the mortgage market reacted to the budget There was a wave of mortgage rate hikes from Virgin Money after the budget announcement.