Mortgage Lender IPOs Are Booming. Which Are the Best Buys?

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Private home-mortgage lenders are eager to go public. But investors shouldn’t be fooled by a fresh coat of paint. telisdemos explains. WSJWhatsNow

Home mortgage lending in the U.S. this year could hit record levels, and some big private lenders are eager to tap the public markets. Investors will have to sort out which—if any—to buy.

The first to go public this year was Rocket Companies. Its shares are up more than 24% from its August initial public offering. Now several other lenders may list. United Wholesale Mortgage is set to become public this year via a deal with a special-purpose acquisition company. Caliber Home Loans and AmeriHome revealed IPO filings this month,...

 

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