New York | In this issue of The Institutional Risk Analyst, we look at the earnings release earlier this week by Rocket Companies (NYSE:RKT). We also assess the market reception for independent mortgage banks (IMBs) more generally since the RKT initial public offering this past August. With returns on mortgage-backed securities (MBS) negative due to FOMC bond purchases and high mortgage prepayment rates, investors and lenders fight the Fed every day.
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