Is Walker & Dunlop a Buy?
Walker & Dunlop (NYSE: WD) crushed it in 2020. Despite the hardships posed by COVID-19, the actions taken by the Federal Reserve in response to the coronavirus pandemic rippled across the economy in ways that benefited the commercial real estate financing specialist.
With benchmark interest rates at historic lows, mortgages dropped to their lowest rates in 50 years. This inspired a record number of mortgage originations; back in November, analytics firm Black Knight forecast that in 2020, the value of mortgage originations was likely to break $4 trillion for the first time ever. Other trends, such as the surge in people moving from larger metropolitan areas to suburbs, smaller towns, and rural areas, have also helped boost the mortgage industry.
Source Fool.com
