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What Happens When 'Meme Traders' Go After Mortgage Stocks?


Inman Connect
This month, we’ll talk to mortgage leaders about where the market is headed and how products are evolving digitally to suit buyers’ needs now. We’ll also explore emerging alternative financing options that are changing the game for buyers and sellers. Join us for Mortgage and Alternative Financing Month.
Last week, the
Wall Street Journalran what sounded almost like an obituary for mortgage stocks.
“Investors,” the Journal argued, weren’t “convinced” the stocks were a good buy. And the “mortgage IPO boom” was “petering out.”
But then, just days later, something weird happened: shares in both Rocket Companies (Quicken Loans public label) and LoanDepot skyrocketed. And then a day after that, the gains evaporated and the share prices plummeted back down. ....

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