The six nonbank lenders that went public during the pandemic have lost around $36 billion in combined value since Rocket debuted on the NYSE in August 2020, according to an analysis of mortgage stock values by HousingWire.
February 4, 2022
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The six nonbank lenders that went public during the pandemic have lost around $36 billion in combined value since Rocket debuted on the NYSE in August 2020, according to an analysis by HousingWire.
"On average, historically, we'd be selling $100 billion to $125 billion annually," Incenter Mortgage Advisors' Tom Piercy said. "And now we just did over $110 billion for the month of January."
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