Struggling Origination Market Causes Another Market To Stall: Initial Public Offerings of Mortgage Companies
July 3, 2014
Mortgage companies that were hoping to launch initial public offerings this year are putting their plans on hold these days thanks to a weak origination market, according to investment bankers and stock analysts who follow the industry. “It’s deader than a doornail,” said Paul Miller, a senior analyst with FBR Capital Markets. According to Miller, who tracks publicly traded mortgage companies such as Nationstar Mortgage, PHH Corp., and Walter Investment Management, the origination market has...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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