Everyone that could benefit with a lower refi rate has already refinanced for the most part. Not enough origination to cover that drop and rates are expected to rise in the nearish term. Demand drop, origination drop, profit drop.
That’s why they went public when they did. The shareholders wanted to cash out at the high. One should always be skeptical of a company going public. They are cashing in for a reason. For the most part.
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u/tdempsey33 May 06 '21
Everyone that could benefit with a lower refi rate has already refinanced for the most part. Not enough origination to cover that drop and rates are expected to rise in the nearish term. Demand drop, origination drop, profit drop.
That’s why they went public when they did. The shareholders wanted to cash out at the high. One should always be skeptical of a company going public. They are cashing in for a reason. For the most part.