Looking for a Real Estate Bounce in 2021? Consider Walker & Dunlop
The novel coronavirus pandemic sent shockwaves through the global economy — including real estate. Between the recession and shutdown mandates, it got so bad for homeowners that Congress included mortgage forbearance as part of the CARES Act package passed in March. This presented a challenge to mortgage finance companies, which saw forbearance rates peak to nearly 9{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} of all mortgages at one point in early June.
Walker & Dunlop (NYSE:WD) weathered the pandemic better than many other mortgage finance companies. The reason? The company’s laser focus on providing loans for multifamily units only. These loans were more stable