Those of you who buy individual stocks should look at profiting off the refinance boom that started a few months ago due to all time low rates. I bought a few title companies and mortgage banker and mortgage servicers stocks and all are up big time except for one of them. Check them out & do your homework:
Title companies make a good profit with a decent margin. The mortgage companies and servicers also will make good money but early payoffs will hurt their margins. There is 11 trillion in mortgages that would benefit by refinancing and only 1 trillion already refinanced So 10 trillion left they will make a killing while rates are low.
Title companies
STC
FAF
FNF
Mortgage companies and servicers
COOP (might me overpriced now)
PMT
CFG
NRZ (only one I haven't made money on yet)
One of the big ETF companies should start an ETF (REFI)
Title companies make a good profit with a decent margin. The mortgage companies and servicers also will make good money but early payoffs will hurt their margins. There is 11 trillion in mortgages that would benefit by refinancing and only 1 trillion already refinanced So 10 trillion left they will make a killing while rates are low.
Title companies
STC
FAF
FNF
Mortgage companies and servicers
COOP (might me overpriced now)
PMT
CFG
NRZ (only one I haven't made money on yet)
One of the big ETF companies should start an ETF (REFI)
Likes:
Bache Tehroon