Moving Into Mortgage Names
Last week, I wrote about some construction and home-improvement stocks that are benefiting from optimism about the housing sector. A related subsector that has been a solid performer for the past few months is mortgage services.
A heavy-volume gainer this week has been Walter Investment Management (WAC), a real estate investment trust (REIT) that invests in subprime residential loans. The company is acquiring Reverse Mortgage Solutions, which investors clearly see as being a growth driver for Walter....401 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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