ARTICLE SYNOPSIS...The crash of October 2007 was caused by banks who combined good and bad mortgages in a product called mortgage backed securities that they sold to the market.
ARTICLE SYNOPSIS...Although the housing sector presents negative conditions currently, the mortgage and bank sectors should remain in a trading range environment.
ARTICLE SYNOPSIS...It was just announced that Rocket Companies Inc., (RKT) would acquire Redfin Corp (RDFN), an online real estate brokerage firm in an all stock deal valued at $1.75 billion.