The economic vibe for 2024 is like a mixtape of bad songs: high inflation, elevated interest rates, wobbly home values, stricter regulations, rising unemployment and escalating loan defaults. This carnival of financial mayhem doesn’t sound like a great time to pour cash into mortgage companies. But if rates tumble as expected, 2024 could have some surprise hits among the B-sides.
In the grand tradition of sticking my neck out at year-end, here are four spirited predictions of how mortgage-related investments could fare next year. Mortgage originator stocks It’s been a year to forget for most companies that rely on mortgage revenue, including the likes of First National Financial, MCAN and mortgage brokerages. One glaring exception is Equitable Bank, an alternative lender that set another 52-week high last Friday. Its 280 per cent gain since its 2020 low shows investor confidence that the mortgage market won’t implode. Equitable serves mainly mortgage brokers, an industry led by two colossal broker networks, Dominion Lending Centres Inc. (DLC) and M3 Grou
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