WallStreetZenWallStreetZen

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
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
WD
WALKER & DUNLOP INC
$3.11B2.78%92.40%$0.6500$2.5654%0
PFSI
PENNYMAC FINANCIAL SERVICES INC
$4.50B0.45%19.50%$0.2000$0.407%1
CNF
CNFINANCE HOLDINGS LTD
$113.16MN/A0.00%N/AN/AN/AN/A
SNFCA
SECURITY NATIONAL FINANCIAL CORP
$186.31MN/A0.00%$0.1720N/AN/A1
ONIT
ONITY GROUP INC
$180.40MN/A0.00%N/AN/AN/AN/A
COOP
MR COOPER GROUP INC
$5.24BN/A0.00%N/AN/AN/AN/A
GHI
GREYSTONE HOUSING IMPACT INVESTORS LP
$348.17M10.34%82.00%$0.3700$1.5595%5
GHLD
GUILD HOLDINGS CO
$903.60M3.39%113.60%$0.5000$0.5063%1
IOR
INCOME OPPORTUNITY REALTY INVESTORS INC
$66.27MN/A0.00%N/AN/AN/AN/A
VEL
VELOCITY FINANCIAL INC
$607.60MN/A0.00%N/AN/AN/AN/A
AAMC
ALTISOURCE ASSET MANAGEMENT CORP
$6.18MN/A0.00%N/AN/AN/AN/A
UWMC
UWM HOLDINGS CORP
$11.60BN/A250.00%$0.1000N/AN/A0
ECPG
ENCORE CAPITAL GROUP INC
$982.53MN/A0.00%N/AN/AN/AN/A
LDI
LOANDEPOT INC
$624.53MN/A0.00%$0.0800N/AN/A1
RKT
ROCKET COMPANIES INC
$28.93BN/A0.00%$1.0100N/AN/A0
PAPL
PINEAPPLE FINANCIAL INC
$7.40MN/A0.00%N/AN/AN/AN/A
BETR
BETTER HOME & FINANCE HOLDING CO
$253.13MN/A0.00%N/AN/AN/AN/A

Mortgage Stocks FAQ

What are the best mortgage stocks to buy right now in Jun 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 40, which is 16 points higher than the mortgage industry average of 24. It passed 15 out of 38 due diligence checks and has average fundamentals. Walker & Dunlop has seen its stock return 16.6% over the past year, overperforming other mortgage stocks by 11 percentage points.

Walker & Dunlop has an average 1 year price target of $100.00, an upside of 8.41% from Walker & Dunlop's current stock price of $92.24.

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. Pennymac Financial Services (NYSE:PFSI)


Pennymac Financial Services (NYSE:PFSI) is the second best mortgage stock with a Zen Score of 38, which is 14 points higher than the mortgage industry average of 24. It passed 16 out of 38 due diligence checks and has average fundamentals. Pennymac Financial Services has seen its stock return 32.95% over the past year, overperforming other mortgage stocks by 28 percentage points.

Pennymac Financial Services has an average 1 year price target of $106.75, an upside of 20.69% from Pennymac Financial Services's current stock price of $88.45.

Pennymac Financial Services stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Pennymac Financial Services, 25% have issued a Strong Buy rating, 75% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Cnfinance Holdings (NYSE:CNF)


Cnfinance Holdings (NYSE:CNF) is the third best mortgage stock with a Zen Score of 37, which is 13 points higher than the mortgage industry average of 24. It passed 12 out of 33 due diligence checks and has average fundamentals. Cnfinance Holdings has seen its stock lose -44.24% over the past year, underperforming other mortgage stocks by -49 percentage points.

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 10.34%, 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 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 3.39%, which is -1 percentage points lower than the mortgage industry average of 4.24%.

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 2.78%, which is -1 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 92.4% indicates that its dividend yield might not be sustainable for the long-term.

Why are mortgage stocks down?

Mortgage stocks were down -0.36% in the last day, and down -2.11% 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 58 points higher than the mortgage industry average of 28. It passed 6 out of 7 valuation due diligence checks.

Security National Financial's stock has dropped -3.69% in the past year. It has underperformed other stocks in the mortgage industry by -9 percentage points.

2. Onity Group (NYSE:ONIT)


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

Onity Group's stock has dropped -24.51% in the past year. It has underperformed other stocks in the mortgage industry by -30 percentage points.

3. Pennymac Financial Services (NYSE:PFSI)


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

Pennymac Financial Services's stock has gained 32.95% in the past year. It has overperformed other stocks in the mortgage industry by 28 percentage points.

Are mortgage stocks a good buy now?

33.33% of mortgage stocks rated by analysts are a buy right now. On average, analysts expect mortgage stocks to rise by 19.94% 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 68.08x.
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.