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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
OverviewZen ScorePriceValuation
FinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Price
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
WD
WALKER & DUNLOP INC
$93.21$278.40-66.52%29.13x7.52x2.89x1.81x0.13x-$16.72M-0.55%$1.72B52.72$4.14B9.47
VEL
VELOCITY FINANCIAL INC
$17.01$22.39-24.03%10.63xN/A3.19x1.29x0.44x$48.66M8.88%$433.44M13.46$4.34B59.14
COOP
MR COOPER GROUP INC
$78.73$135.05-41.70%8.03xN/A2.51x1.16x0.34x$743.00M14.58%$4.41B68.06$12.58B8.47
GHI
GREYSTONE HOUSING IMPACT INVESTORS LP
$15.28$13.0217.32%7.41xN/A3.34x1.01x3.12x$64.60M18.44%$349.31M15.23$1.35B10.86
CNF
CNFINANCE HOLDINGS LTD
$1.87N/AN/A5.63xN/A1.58x0.23xN/A$220.10M171.60%$554.49M8.09$1.09B38.01
IOR
INCOME OPPORTUNITY REALTY INVESTORS INC
$16.78N/AN/A9.99xN/AN/A0.58xN/A$973.00k1.39%$118.08M28.37$68.91M8.00
SNFCA
SECURITY NATIONAL FINANCIAL CORP
$6.72N/AN/A10.18xN/A0.49x0.49xN/A$29.87M19.32%$312.90M13.59$133.31M4.39
PFSI
PENNYMAC FINANCIAL SERVICES INC
$87.00$17.32402.23%30.10xN/A3.10x1.24x20.85x-$1.62B-37.20%$3.54B70.80$16.94B66.79
GHLD
GUILD HOLDINGS CO
$13.63N/AN/A-21.30x6.99x1.27x0.70xN/A-$97.23M-11.70%$1.18B19.41$2.07B-206.69
ECPG
ENCORE CAPITAL GROUP INC
$41.63N/AN/A-4.77xN/A0.81x1.05xN/A$128.18M13.01%$936.54M39.57$4.14B65.35
LDI
LOANDEPOT INC
$2.36N/AN/A-3.75x3.23x0.42x2.16xN/A-$194.83M-47.20%$353.18M2.02$4.29B55.97
UWMC
UWM HOLDINGS CORP
$6.39N/AN/A-45.64x8.75x0.45x90.64xN/A$138.81M23.30%$112.55M1.21$17.58B50.13
OCN
OCWEN FINANCIAL CORP
$24.33N/AN/A-2.92xN/A0.17x0.47xN/A$16.00M8.61%$401.80M52.62$10.85B20.71
RKT
ROCKET COMPANIES INC
$12.35N/AN/A-102.92xN/A0.42x39.24xN/A$49.99M3.15%$624.90M4.86$31.41B133.49
AAMC
ALTISOURCE ASSET MANAGEMENT CORP
$2.91N/AN/A-0.26xN/A2.69x-0.06xN/A-$11.79M-138.45%-$125.84M-43.01-$379.37k0.01
1

Mortgage Stocks FAQ

What are the best mortgage stocks to buy right now in Apr 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 45, which is 26 points higher than the mortgage industry average of 19. It passed 16 out of 38 due diligence checks and has strong fundamentals. Walker & Dunlop has seen its stock return 46.72% over the past year, overperforming other mortgage stocks by 34 percentage points.

Walker & Dunlop has an average 1 year price target of $96.67, an upside of 3.71% from Walker & Dunlop's current stock price of $93.21.

Walker & Dunlop stock has a consensus Hold recommendation according to Wall Street analysts. Of the 3 analysts covering Walker & Dunlop, 0% have issued a Strong Buy rating, 33.33% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Velocity Financial (NYSE:VEL)


Velocity Financial (NYSE:VEL) is the second best mortgage stock with a Zen Score of 43, which is 24 points higher than the mortgage industry average of 19. It passed 14 out of 33 due diligence checks and has strong fundamentals. Velocity Financial has seen its stock return 93.52% over the past year, overperforming other mortgage stocks by 81 percentage points.

Velocity Financial has an average 1 year price target of $18.30, an upside of 7.58% from Velocity Financial's current stock price of $17.01.

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.

3. Mr Cooper Group (NASDAQ:COOP)


Mr Cooper Group (NASDAQ:COOP) is the third best mortgage stock with a Zen Score of 36, which is 17 points higher than the mortgage industry average of 19. It passed 12 out of 33 due diligence checks and has average fundamentals. Mr Cooper Group has seen its stock return 69.86% over the past year, overperforming other mortgage stocks by 57 percentage points.

Mr Cooper Group has an average 1 year price target of $89.33, an upside of 13.47% from Mr Cooper Group's current stock price of $78.73.

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.

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 10.11%, which is 6 percentage points higher than the mortgage industry average of 4.24%. 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 74.9% 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 3.67%, which is -1 percentage points lower than the mortgage industry average of 4.24%.

Guild Holdings Co's dividend payout ratio of -78.1% 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 2.73%, which is -2 percentage points lower than the mortgage industry average of 4.24%. 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 78.7% indicates that its dividend yield is sustainable for the long-term.

Why are mortgage stocks up?

Mortgage stocks were up 0.72% in the last day, and up 0.85% over the last week.

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

What are the most undervalued mortgage stocks?

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

1. Velocity Financial (NYSE:VEL)


Velocity Financial (NYSE:VEL) is the most undervalued mortgage stock based on WallStreetZen's Valuation Score. Velocity Financial has a valuation score of 57, which is 33 points higher than the mortgage industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Velocity Financial's stock has gained 93.52% in the past year. It has overperformed other stocks in the mortgage industry by 81 percentage points.

2. Security National Financial (NASDAQ:SNFCA)


Security National Financial (NASDAQ:SNFCA) is the second most undervalued mortgage stock based on WallStreetZen's Valuation Score. Security National Financial has a valuation score of 57, which is 33 points higher than the mortgage industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Security National Financial's stock has gained 0.09% in the past year. It has underperformed other stocks in the mortgage industry by -13 percentage points.

3. Walker & Dunlop (NYSE:WD)


Walker & Dunlop (NYSE:WD) is the third most undervalued mortgage stock based on WallStreetZen's Valuation Score. Walker & Dunlop has a valuation score of 57, which is 33 points higher than the mortgage industry average of 24. It passed 4 out of 7 valuation due diligence checks.

Walker & Dunlop's stock has gained 46.72% in the past year. It has overperformed other stocks in the mortgage industry by 34 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 16.43% 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 -51.24x.
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