The article discusses the decline in stock prices of various mortgage lenders since April 2, highlighting that all nine analyzed by HousingWire have suffered losses. Rocket Mortgage, despite a peak in stock gains due to acquisitions, now faces a stark decline post-tariff announcements. Other lenders, including Mr. Cooper and Redfin, also experienced drops after short-term gains. Additionally, homebuilders are heavily impacted by tariffs affecting materials, resulting in overall diminished stock performances across these sectors, with some real estate brokerages faring slightly better.
Of the nine mortgage lenders analyzed by HousingWire, everyone's stock has fallen since April 2, reversing earlier gains made since Trump's inauguration.
The mortgage industry's fortunes have shifted, with homebuilders hit hardest by recent tariffs affecting construction and leading to significant stock declines.
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