Opinion: Mortgage Lenders Timed the Market Perfectly

Bloomberg, June 21, 2022–Marc Rubinstein
When people look back on the market euphoria of 2021, there’s plenty to pick over: Meme stocks, SPACs, digital coins — all of them capture the zeitgeist. One candidate for poster-child of the era, though, can be easily overlooked amid all the exciting new financial contraptions: the otherwise-staid mortgage sector. Mortgage stocks avoided the headlines, but they reflect no less of the hype.