These 2 Mortgage Stocks Are Set to Rise as Rate Pain Fades, Says Jefferies

Shares in WD took a hit recently (the stock is down 27% in the last three months), as fears of fraudulent loan activity have resurfaced. The fears revolve around fraudulent loans originated during the COVID pandemic period, when some loans were made based on fraudulent borrower documentation. There is now some worry that the company will be required to repurchase these loans. We should note that company management has indicated that these issues are not unique to WD, and that, since the COVID period, underw ...