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 Dividends Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
WD	WALKER & DUNLOP INC	United States	$3.74B	33,748,696	34.30%	65.70%	Net Selling	Net Buying
SNFCA	SECURITY NATIONAL FINANCIAL CORP	United States	$224.03M	24,219,443	39.55%	28.05%	Net Buying	Net Buying
COOP	MR COOPER GROUP INC	United States	$5.89B	64,483,836	88.10%	3.93%	Net Selling	Net Selling
CNF	CNFINANCE HOLDINGS LTD	China	$136.48M	1,371,643,240	0.42%	0.00%
ONIT	ONITY GROUP INC	United States	$241.86M	7,845,055	2.62%	97.38%	Net Selling	Net Selling
IOR	INCOME OPPORTUNITY REALTY INVESTORS INC	United States	$68.80M	4,066,178	0.07%	87.46%
VEL	VELOCITY FINANCIAL INC	United States	$646.63M	33,109,360	49.91%	50.09%	Net Buying
GHLD	GUILD HOLDINGS CO	United States	$990.16M	61,386,298	8.92%	21.75%	Net Selling
PFSI	PENNYMAC FINANCIAL SERVICES INC	United States	$5.46B	51,190,677	33.26%	66.74%	Net Selling	Net Selling
GHI	GREYSTONE HOUSING IMPACT INVESTORS LP	United States	$320.24M	23,290,442	8.88%	26.17%	Net Selling	Net Buying
UWMC	UWM HOLDINGS CORP	United States	$12.08B	1,597,681,694	3.35%	0.06%	Net Selling	Net Selling
ECPG	ENCORE CAPITAL GROUP INC	United States	$1.08B	23,690,958	33.90%	66.10%	Net Selling	Net Selling
PAPL	PINEAPPLE FINANCIAL INC	Canada (Federal Level)	$5.16M	7,273,416	0.82%	38.76%	Net Buying	Net Buying
LDI	LOANDEPOT INC	United States	$786.87M	325,154,034	7.46%	55.71%	Net Selling	Net Selling
RKT	ROCKET COMPANIES INC	United States	$34.86B	1,989,448,225	4.84%	0.87%	Net Selling	Net Selling
BETR	BETTER HOME & FINANCE HOLDING CO	Cayman Islands	$243.12M	15,128,635	48.66%	51.34%	Net Selling	Net Selling

Mortgage Stocks FAQ

What are the best mortgage stocks to buy right now in Oct 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 38, which is 16 points higher than the mortgage industry average of 22. It passed 14 out of 38 due diligence checks and has average fundamentals. Walker & Dunlop has seen its stock return 61.02% over the past year, overperforming other mortgage stocks by 17 percentage points.

Walker & Dunlop has an average 1 year price target of $109.00, a downside of -1.65% from Walker & Dunlop's current stock price of $110.83.

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, 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. Security National Financial (NASDAQ:SNFCA)

Security National Financial (NASDAQ:SNFCA) 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 14 out of 38 due diligence checks and has average fundamentals. Security National Financial has seen its stock return 28.29% over the past year, underperforming other mortgage stocks by -16 percentage points.

3. Mr Cooper Group (NASDAQ:COOP)

Mr Cooper Group (NASDAQ:COOP) is the third best mortgage stock with a Zen Score of 32, which is 10 points higher than the mortgage industry average of 22. It passed 11 out of 33 due diligence checks and has average fundamentals. Mr Cooper Group has seen its stock return 68.75% over the past year, overperforming other mortgage stocks by 25 percentage points.

Mr Cooper Group has an average 1 year price target of $99.00, an upside of 8.34% from Mr Cooper Group's current stock price of $91.38.

Mr Cooper Group stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Mr Cooper Group, 50% have issued a Strong Buy rating, 16.67% have issued a Buy, 33.33% 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 2 mortgage stocks that have issued dividends in the past year, the 2 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 11.26%, which is 7 percentage points higher than the mortgage industry average of 4.59%. 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 126.1% indicates that its high dividend yield might not be sustainable for the long-term.

2. Walker & Dunlop (NYSE:WD)

Walker & Dunlop (NYSE:WD) has an annual dividend yield of 2.33%, which is -2 percentage points lower than the mortgage industry average of 4.59%. 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 98.5% indicates that its dividend yield might not be sustainable for the long-term.

Why are mortgage stocks down?

Mortgage stocks were down -0.66% in the last day, and down -3.44% 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 62 points higher than the mortgage industry average of 24. It passed 6 out of 7 valuation due diligence checks.

Security National Financial's stock has gained 28.29% in the past year. It has underperformed other stocks in the mortgage industry by -16 percentage points.

2. Cnfinance Holdings (NYSE:CNF)

Cnfinance Holdings (NYSE:CNF) is the second most undervalued mortgage stock based on WallStreetZen's Valuation Score. Cnfinance Holdings has a valuation score of 43, which is 19 points higher than the mortgage industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Cnfinance Holdings's stock has dropped -49.1% in the past year. It has underperformed other stocks in the mortgage industry by -93 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 43, which is 19 points higher than the mortgage industry average of 24. It passed 3 out of 7 valuation due diligence checks.

Pennymac Financial Services's stock has gained 63.46% in the past year. It has overperformed other stocks in the mortgage industry by 20 percentage points.

Are mortgage stocks a good buy now?

33.33% of mortgage stocks rated by analysts are a strong buy right now. On average, analysts expect mortgage stocks to rise by 9.17% 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 139.25x.

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.