Sectors & Industries Financial ServicesMortgage Finance
Best Mortgage Stocks to Buy Now (2024)
Top mortgage stocks in 2024 ranked by overall Zen Score. See the best mortgage stocks to buy now, according to analyst forecasts for the mortgage finance industry.

Industry: Mortgage Finance

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue

Ticker	Company	Market Cap	Revenue	EBITDA	Earnings	EPS	Revenue Growth Y/Y	Revenue Growth 5Y	Earnings Growth Y/Y	Earnings Growth 5Y	Earnings Date
WD	WALKER & DUNLOP INC	$3.45B	$1.04B	$419.85M	$92.56M	$2.75	-11.40%	6.40%	-45.97%	-12.66%
COOP	MR COOPER GROUP INC	$5.45B	$2.03B	$1.49B	$644.00M	$9.80	16.42%	N/A	125.81%	N/A	2024-05-23
VEL	VELOCITY FINANCIAL INC	$586.49M	$189.43M	$81.91M	$58.07M	$1.79	50.38%	N/A	45.53%	N/A	2024-05-17
SNFCA	SECURITY NATIONAL FINANCIAL CORP	$179.40M	$320.18M	$38.00M	$20.73M	$0.94	-12.69%	4.33%	-12.15%	24.21%	2024-06-21
GHI	GREYSTONE HOUSING IMPACT INVESTORS LP	$356.55M	$102.33M	$113.91M	$47.87M	$1.88	17.89%	4.39%	-13.30%	1.77%
CNF	CNFINANCE HOLDINGS LTD	$110.42M	$81.18M	$28.68M	$22.77M	$0.33	12.89%	-21.38%	18.12%	-29.86%	2024-05-24
IOR	INCOME OPPORTUNITY REALTY INVESTORS INC	$65.45M	$0.00	$8.77M	$7.13M	$1.71	N/A	N/A	64.42%	-3.47%
GHLD	GUILD HOLDINGS CO	$870.48M	$783.08M	$79.40M	$26.68M	$0.44	-0.49%	N/A	-67.88%	N/A
PFSI	PENNYMAC FINANCIAL SERVICES INC	$4.75B	$1.40B	$259.23M	$153.59M	$3.07	-13.90%	7.16%	-52.33%	4.11%	2024-06-12
AAMC	ALTISOURCE ASSET MANAGEMENT CORP	$6.95M	$1.27M	$102.63M	$99.54M	$40.39	-82.10%	-39.58%	N/A	N/A
UWMC	UWM HOLDINGS CORP	$11.54B	$1.72B	$411.04M	$7.44M	$0.08	0.46%	N/A	-11.11%	N/A
OCN	OCWEN FINANCIAL CORP	$202.35M	$1.04B	$572.80M	$6.60M	$0.82	6.07%	-1.16%	N/A	N/A	2024-05-28
ECPG	ENCORE CAPITAL GROUP INC	$1.10B	$1.24B	$74.72M	-$201.88M	-$8.53	2.24%	-2.17%	N/A	N/A
PAPL	PINEAPPLE FINANCIAL INC	$9.34M	$2.52M	N/A	-$2.87M	-$0.47	-27.47%	N/A	N/A	N/A
RKT	ROCKET COMPANIES INC	$27.60B	$4.52B	$278.59M	$19.22M	$0.15	17.81%	N/A	N/A	N/A	2024-06-18
LDI	LOANDEPOT INC	$711.90M	$988.91M	$88.22M	-$101.49M	-$0.56	2.97%	N/A	N/A	N/A
BETR	BETTER HOME & FINANCE HOLDING CO	$296.20M	$78.11M	-$439.59M	-$498.02M	-$1.08	-59.25%	N/A	N/A	N/A

Mortgage Stocks FAQ

What are the best mortgage stocks to buy right now in May 2024?

According to Zen Score, the 3 best mortgage finance stocks to buy right now are:

1. Walker & Dunlop (NYSE:WD)

Walker & Dunlop (NYSE:WD) is the top mortgage stock with a Zen Score of 41, which is 19 points higher than the mortgage industry average of 22. It passed 15 out of 38 due diligence checks and has strong fundamentals. Walker & Dunlop has seen its stock return 48.84% over the past year, overperforming other mortgage stocks by 30 percentage points.

Walker & Dunlop has an average 1 year price target of $100.00, a downside of -2.4% from Walker & Dunlop's current stock price of $102.46.

Walker & Dunlop stock has a consensus Hold recommendation according to Wall Street analysts. Of the 2 analysts covering Walker & Dunlop, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Mr Cooper Group (NASDAQ:COOP)

Mr Cooper Group (NASDAQ:COOP) is the second best mortgage stock with a Zen Score of 36, which is 14 points higher than the mortgage industry average of 22. It passed 12 out of 33 due diligence checks and has average fundamentals. Mr Cooper Group has seen its stock return 91.5% over the past year, overperforming other mortgage stocks by 72 percentage points.

Mr Cooper Group has an average 1 year price target of $89.33, an upside of 6.07% from Mr Cooper Group's current stock price of $84.22.

Mr Cooper Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Mr Cooper Group, 50% have issued a Strong Buy rating, 33.33% have issued a Buy, 16.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Velocity Financial (NYSE:VEL)

Velocity Financial (NYSE:VEL) is the third best mortgage stock with a Zen Score of 35, which is 13 points higher than the mortgage industry average of 22. It passed 12 out of 33 due diligence checks and has average fundamentals. Velocity Financial has seen its stock return 101.13% over the past year, overperforming other mortgage stocks by 82 percentage points.

Velocity Financial has an average 1 year price target of $18.60, an upside of 4.61% from Velocity Financial's current stock price of $17.78.

Velocity Financial stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Velocity Financial, 40% have issued a Strong Buy rating, 40% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the mortgage stocks with highest dividends?

Out of 3 mortgage stocks that have issued dividends in the past year, the 3 mortgage stocks with the highest dividend yields are:

1. Greystone Housing Impact Investors (NYSE:GHI)

Greystone Housing Impact Investors (NYSE:GHI) has an annual dividend yield of 10.09%, which is 6 percentage points higher than the mortgage industry average of 4.14%. Greystone Housing Impact Investors's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Greystone Housing Impact Investors's dividend has shown consistent growth over the last 10 years.

Greystone Housing Impact Investors's dividend payout ratio of 82% indicates that its high dividend yield is sustainable for the long-term.

2. Guild Holdings Co (NYSE:GHLD)

Guild Holdings Co (NYSE:GHLD) has an annual dividend yield of 3.52%, which is -1 percentage points lower than the mortgage industry average of 4.14%.

Guild Holdings Co's dividend payout ratio of 113.6% indicates that its dividend yield might not be sustainable for the long-term.

3. Walker & Dunlop (NYSE:WD)

Walker & Dunlop (NYSE:WD) has an annual dividend yield of 2.5%, which is -2 percentage points lower than the mortgage industry average of 4.14%. Walker & Dunlop's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Walker & Dunlop's dividend has shown consistent growth over the last 10 years.

Walker & Dunlop's dividend payout ratio of 92.4% indicates that its dividend yield might not be sustainable for the long-term.

Why are mortgage stocks down?

Mortgage stocks were down -0.47% in the last day, and up 0.09% over the last week.

We couldn't find a catalyst for why mortgage stocks are down.

What are the most undervalued mortgage stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued mortgage stocks right now are:

1. Security National Financial (NASDAQ:SNFCA)

Security National Financial (NASDAQ:SNFCA) is the most undervalued mortgage stock based on WallStreetZen's Valuation Score. Security National Financial has a valuation score of 86, which is 57 points higher than the mortgage industry average of 29. It passed 6 out of 7 valuation due diligence checks.

Security National Financial's stock has gained 4.73% in the past year. It has underperformed other stocks in the mortgage industry by -15 percentage points.

2. Velocity Financial (NYSE:VEL)

Velocity Financial (NYSE:VEL) is the second most undervalued mortgage stock based on WallStreetZen's Valuation Score. Velocity Financial has a valuation score of 57, which is 28 points higher than the mortgage industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Velocity Financial's stock has gained 101.13% in the past year. It has overperformed other stocks in the mortgage industry by 82 percentage points.

3. Mr Cooper Group (NASDAQ:COOP)

Mr Cooper Group (NASDAQ:COOP) is the third most undervalued mortgage stock based on WallStreetZen's Valuation Score. Mr Cooper Group has a valuation score of 57, which is 28 points higher than the mortgage industry average of 29. It passed 4 out of 7 valuation due diligence checks.

Mr Cooper Group's stock has gained 91.5% in the past year. It has overperformed other stocks in the mortgage industry by 72 percentage points.

Are mortgage stocks a good buy now?

36.36% of mortgage stocks rated by analysts are a buy right now. On average, analysts expect mortgage stocks to rise by 10.08% over the next year.

What is the average p/e ratio of the mortgage finance industry?

The average P/E ratio of the mortgage finance industry is 64.64x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.