Today we are going to learn about the 5 best mortgage stocks to buy now, based on Insider Monkey’s latest article. Lennar Corporation ranks fifth on the list and operates in home construction providing commercial mortgage loans for securitization and also offering mortgage lending services to average consumers. Lennar Mortgage, earlier Eagle Home Mortgage, provides wide range of mortgage opportunities, such as USDA loan, VA loan, Jumbo loan, refinancing services as well as conventional loan. According to Insider Monkey’s track, as of the end of December, 2020 there were 52 long hedge funds in the company, compared to 60 funds in the third quarter of 2020. Edgar Wachenheim’s Greenhaven Associates is the largest stakeholder in Lennar Corp. with owning 7.5 million shares at a value of $575 million. Lennar Corp. is followed by Citigroup Inc. on the fourth spot. The company has a market cap of $137 billion, and provides excellent and advanced home mortgage services across America. After collapsing during the housing crisis of 2008, Citigroup managed to develop its internal mechanisms. The company’s CEO is Jane Fraser currently. Insider Monkey tracked 95 hedge funds at the end of the fourth quarter, while in the third quarter there were 91 hedge funds. The largest stakeholder in Citigroup is Khan Brothers. Wells Fargo & Company ranks third on the compilation. The company provides the most mortgages in the United States. Although it was projected to slow down, the company managed to show growth despite the pandemic-stricken year of 2020. Wells Fargo signed a contract to sell Wells Fargo Asset Management to private equity firms GTCR LLC and Reverence Capital Partners for $2.1 billion. According to Insider Monkeys database, there were 99 long hedge funds in the company at the end of December 2020, compared to the third one when there were 90 funds. The largest stakeholder in Wells Fargo is Warren Buffett’s Berkshire Hathaway with owning 52.4 million shares, at a value of $1.58 billion. Wells Fargo is among the most well-known banks in the United States having around $2 trillion in assets. If you are interested in more information about the best mortgage stocks to buy now, please click and jump to see the original article.
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