No Place Like HomeStreet

HomeStreet (HMST), a regional bank in the Pacific Northwest, was one of the best-performing small-cap stocks in 2012. This bank had benefitted from the refinance boom brought on by low interest rates and government programs allowing Fannie Mae and Freddie Mac-backed mortgage holders to refinance, even if they had little to no home equity.

As you might guess, HomeStreet has been punished by rising interest rates and the subsequent decline in refinancing volume over the last few months. Since March of this year, HomeStreet has fallen to $19.30 from around $25 per share -- a drop of almost 23%....407 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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