R. Christopher WhalenFeb 25, 20227 minUpdate: HMPT, RKT, NRZ & UPSTUPST has seen its valuation cut by 60% since March of last year, when its common equity traded at a mere 31x book value.
R. Christopher WhalenNov 8, 20216 minUpdate: Rocket Companies, PennyMac Financial Services & Home PointWhen issuers like RKT and PFSI are paying up for servicing assets, you know that the secondary loan market is getting tougher by the day.