United Wholesale Merges With a SPAC: Should You Buy Into Mortgage Mania?

Brent Nyitray, CFA, The Motley Fool
·5-min read
United Wholesale Merges With a SPAC: Should You Buy Into Mortgage Mania?

The past year was one of the best ever for mortgage bankers. According to the Mortgage Bankers Association, total volume for 2020 will come in at $3.2 trillion, which would be the best year since 2003. Perhaps fittingly, we saw a slew of mortgage bankers go public in 2020, as many hoped to raise capital to build their business.