Mortgage Finance: Rocket Companies, Inc. owns the largest revenue base AND the fastest current growth.
The industry itself · before any single company
How has Mortgage Finance moved against S&P 500?
The line below covers 5.2 years. Over the most recent two of them this industry is 61% behind S&P 500. Earnings across its companies grew 38% on average over the last four reported quarters.
ASLEEP · 1y −23.3%✓Fundamentals up, price down0 of 8 companies ahead of S&P 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more
RS — · 0/8 >200d (+0) · 0/8 lead (−1) · EPS 7/8↑
Mortgage Finance, equal-weighted, based at 200S&P 500, same base, same starttrailing 12-month earnings per share risingfalling
Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 8 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
Sector relative strength · before individual stocks
Is Mortgage Finance outperforming S&P 500?
Mortgage Finance has underperformed S&P 500 by 23.4% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 22.1%. 0 of 9 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Onity Group Inc. is the strongest against the sector itself at +25.1%.
-22.1%Sector vs S&P 500 · 13 weeks
-23.4%Sector vs S&P 500 · 52 weeks
0/9Stocks leading S&P 500
5/9Stocks leading sector
Sector metric: — as of latest available · unclassified · direction unavailable.
The central tension: current leadership is concentrated, so durability matters more than rank.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Mortgage Finance has underperformed S&P 500 by 23.4% over 52 weeks and 22.1% over 13 weeks. 0 of 9 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 9 beat the sector itself. Rocket Companies, Inc. leads with income of $8,598 million, based on 9 of 9 comparable companies through Mar 2026.
Is the Mortgage Finance sector outperforming S&P 500?
Mortgage Finance has underperformed S&P 500 by 23.4% over 52 weeks and 22.1% over 13 weeks. 0 of 9 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 9 beat the sector itself.
Which Mortgage Finance company is largest by income?
Rocket Companies, Inc. leads with income of $8,598 million, based on 9 of 9 comparable companies through Mar 2026.
Which Mortgage Finance company is growing fastest?
Rocket Companies, Inc. has the fastest current income growth at 78.4%, across 9 of 9 comparable companies.
Which Mortgage Finance company has the strongest 4-Factor Sector Score?
Velocity Financial, Inc. ranks first at 58.8/100 with 64.4% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Mortgage Finance company has the largest deposit base?
Better Home & Finance Holding Company has the largest reported deposit base at $763 million. Bank borrowings are operating funding, not industrial leverage.
Which Mortgage Finance company has the lowest comparable P/BV-to-ROE?
Velocity Financial, Inc. has the lowest comparable P/BV ÷ ROE at 0.29, among 7 of 9 companies that pass the metric’s comparability rules.
How much history does this Mortgage Finance comparison include?
The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Companies
9
complete canonical membership
Combined market value
$50.7B
Rocket Companies, Inc.
Revenue growing
8/9
positive TTM year-on-year growth
Beating S&P 500
0/9
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Velocity Financial, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 64.4% evidence confidence.
Walker & Dunlop, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded.
Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14.2/35Growth & earnings
Income 8.2% · PAT —
33% evidence
8.4/25Capital efficiency
ROA — · ROE -13.6% · GNPA —
34% evidence
9.5/20Valuation
P/BV 2.34× · P/BV÷ROE —
10% evidence
2.4/20Relative strength
RS sector -33.7% · RS bench -54.6% · 1Y -38.7%
100% evidence
01 · compare level, then change
Income Scale & Growth Durability
Rocket Companies, Inc. has the highest Income among the 9 Mortgage Finance companies compared here, at $8,598 million. UWM Holdings Corporation is next at $3,076 million. The same company also holds the highest Income growth, at 78.4%. 9 of 9 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Rocket Companies, Inc. is the scale leader at $8,598 million, 179.5% ahead of UWM Holdings Corporation. Rocket Companies, Inc.'s growth is 78.4% from a $8,598 million base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderRocket Companies, Inc. · $8,598 million
Gap179.5% versus #2 · UWM Holdings Corporation
Persistence6/8 recent comparable periods
Coverage9/9 companies · 177 observations
Investor read: Rocket Companies, Inc. is the scale benchmark; Rocket Companies, Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Rocket Companies, Inc.'s growth falls below Rocket Companies, Inc.'s for two consecutive comparable reports while operating margin also compresses.
For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.
Incomelargest
1Rocket Companies, Inc. RKT$8.6B
2UWM Holdings Corporation UWMC$3.1B
3PennyMac Financial Services, Inc. PFSI$2.2B
4Walker & Dunlop, Inc. WD$1.3B
5loanDepot, Inc. LDI$1.2B
Income growthfastest growers
1Rocket Companies, Inc. RKT78%
2Better Home & Finance Holding Company BETR53%
3UWM Holdings Corporation UWMC29%
4Onity Group Inc. ONIT27%
5PennyMac Financial Services, Inc. PFSI26%
Income · company comparison
9/9 level · 9/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
UWM Holdings Corporation has the highest Net profit among the 9 Mortgage Finance companies compared here, at $660 million. PennyMac Financial Services, Inc. is next at $507 million. Onity Group Inc. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: UWM Holdings Corporation leads with $660 million of TTM profit, 30.2% above PennyMac Financial Services, Inc.. Onity Group Inc. shows ≥100% on the scoring scale (576.9% uncapped) growth from a $176 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderUWM Holdings Corporation · $660 million
Gap30.2% versus #2 · PennyMac Financial Services, Inc.
Persistence3/8 recent comparable periods
Coverage9/9 companies · 180 observations
Investor read: UWM Holdings Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.
Net profitlargest
1UWM Holdings Corporation UWMC$660M
2PennyMac Financial Services, Inc. PFSI$507M
3Rocket Companies, Inc. RKT$275M
4Onity Group Inc. ONIT$176M
5Velocity Financial, Inc. VEL$108M
Profit growthfastest growers
1Onity Group Inc. ONIT100%
2Velocity Financial, Inc. VEL52%
3PennyMac Financial Services, Inc. PFSI46%
4Walker & Dunlop, Inc. WD-23%
5Greystone Housing Impact Investors LP GHI-183%
Net profit · company comparison
9/9 level · 5/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Better Home & Finance Holding Company has the highest Deposits among the 9 Mortgage Finance companies compared here, at $763 million. Velocity Financial, Inc. has the highest Borrowings at $12,689 million, so level and change sit with different companies. 1 of 9 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Better Home & Finance Holding Company leads deposits at $763 million; Velocity Financial, Inc. leads borrowings at $12,689 million.
LeaderBetter Home & Finance Holding Company · $763 million
GapNot enough peers
Persistence8/8 recent comparable periods
Coverage1/9 companies · 11 observations
Investor read: Better Home & Finance Holding Company sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.
For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.
Depositslargest deposit bases
1Better Home & Finance Holding Company BETR$763M
Borrowingslargest borrowings
1Velocity Financial, Inc. VEL$12.7B
2Onity Group Inc. ONIT$11.5B
3Rocket Companies, Inc. RKT$10.4B
4PennyMac Financial Services, Inc. PFSI$6.3B
5UWM Holdings Corporation UWMC$3.0B
Funding base · company comparison
1/9 level · 8/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Greystone Housing Impact Investors LP has the highest ROA among the 9 Mortgage Finance companies compared here, at -1.6%. The same company also holds the highest ROA change, at -4.2 percentage points. 1 of 9 companies report a comparable reading, the latest through Mar 2026. Its ROA series carries 19 reported observations across the 20-quarter window.
What the numbers say: Greystone Housing Impact Investors LP leads both roa at -1.6% and roa change at -4.2 percentage points.
Investor read: Greystone Housing Impact Investors LP sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roa change signal.
ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
ROAhighest
1Greystone Housing Impact Investors LP GHI-1.6%
ROA changefastest improvers
1Greystone Housing Impact Investors LP GHI−4.2 pp
Return on assets · company comparison
1/9 level · 1/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Better Home & Finance Holding Company has the highest ROE among the 9 Mortgage Finance companies compared here, at 105.5%. UWM Holdings Corporation is next at 10.5%. UWM Holdings Corporation has the highest ROE change at +22.6 percentage points, so level and change sit with different companies. 9 of 9 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Better Home & Finance Holding Company leads roe at 105.5%; UWM Holdings Corporation leads roe change at +22.6 percentage points.
LeaderBetter Home & Finance Holding Company · 105.5%
Gap10× versus #2 · UWM Holdings Corporation
Persistence3/8 recent comparable periods
Coverage9/9 companies · 171 observations
Investor read: Better Home & Finance Holding Company sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roe change signal.
ROE shows the return to shareholders, but should be read with asset quality and leverage.
ROEhighest
1Better Home & Finance Holding Company BETR106%
2UWM Holdings Corporation UWMC11%
3Velocity Financial, Inc. VEL3.5%
4PennyMac Financial Services, Inc. PFSI2.0%
5Rocket Companies, Inc. RKT1.9%
ROE changefastest improvers
1UWM Holdings Corporation UWMC+22.6 pp
2Rocket Companies, Inc. RKT+4.4 pp
3Walker & Dunlop, Inc. WD+0.8 pp
4PennyMac Financial Services, Inc. PFSI0.0 pp
5Velocity Financial, Inc. VEL−0.1 pp
Return on equity · company comparison
9/9 level · 9/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
No company in this Mortgage Finance comparison reports gross NPA on a comparable basis, so there is nothing to rank here — 0 of 9 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Mar 2026.
Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.
07 · compare level, then change
Valuation Against Growth & Quality
Velocity Financial, Inc. has the lowest P/BV ÷ ROE among the 9 Mortgage Finance companies compared here, at 0.29×. Onity Group Inc. is next at 0.4×. Greystone Housing Impact Investors LP has the lowest P/BV at 0.31×, so level and change sit with different companies. 7 of 9 companies report a comparable reading, the latest through Mar 2026.
What the numbers say: Velocity Financial, Inc. has the lowest comparable P/BV ÷ ROE at 0.29×, 27.5% below Onity Group Inc.. Only 7 of 9 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderVelocity Financial, Inc. · 0.29×
Gap27.5% versus #2 · Onity Group Inc.
Persistence0/8 recent comparable periods
Coverage7/9 companies · 113 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.
P/BV ÷ ROElowest return-adjusted price
1Velocity Financial, Inc. VEL0.3
2Onity Group Inc. ONIT0.4
3UWM Holdings Corporation UWMC0.5
4PennyMac Financial Services, Inc. PFSI0.5
5Better Home & Finance Holding Company BETR0.7
P/BVlowest P/BV
1Greystone Housing Impact Investors LP GHI0.3
2Onity Group Inc. ONIT0.5
3Walker & Dunlop, Inc. WD0.9
4Velocity Financial, Inc. VEL1.0
5PennyMac Financial Services, Inc. PFSI1.1
Valuation · company comparison
7/9 level · 9/9 change
Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.
All-company data · latest reported quarter
Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
Better Home & Finance Holding Company has the strongest one-year price move in Mortgage Finance at +68.1%. Onity Group Inc. leads on Mansfield relative strength against the S&P 500 at -8.9%. 0 of 9 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.
Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength
Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.
Before the conclusion · check the blind spots
What can make this comparison misleading?
This Mortgage Finance comparison names 6 specific ways its own evidence can mislead, all listed below. All 9 companies here report on comparable dates, so no rank carries a stale marker. 3 of the 7 ranked sections have fewer than three usable current readings. A high growth rate can still be a low-base artefact.
Keep these limits visible
A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
Thin comparisons: Funding base, Return on assets, Asset quality have fewer than three usable current readings.
09 · the complete set
Which companies are included?
All 9 companies in the canonical Mortgage Finance membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.
AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.
This comparison is built from the reported filings of 9 Mortgage Finance companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
These 16 answers restate the Mortgage Finance comparison above in question form. Every one is computed from the same 9 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.
Which Mortgage Finance company is the biggest?
Rocket Companies, Inc. is the largest, with trailing-twelve-month income of $8,598 million, ahead of UWM Holdings Corporation at $3,076 million. That covers 9 of 9 companies with comparable reporting through Mar 2026.
Which Mortgage Finance company is growing fastest?
Rocket Companies, Inc. has the fastest income growth at 78.4% year on year, across 9 of 9 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.
Which Mortgage Finance company makes the most profit?
UWM Holdings Corporation earns the most, at $660 million of trailing-twelve-month net profit, from 9 of 9 comparable companies. Onity Group Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Mortgage Finance company earns the highest return on capital?
Greystone Housing Impact Investors LP leads on return on assets at -1.6%, across 1 of 9 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Mortgage Finance stock is the cheapest?
On price-to-book divided by return on equity — where a LOWER number is cheaper — Velocity Financial, Inc. screens cheapest at 0.29×. Only 7 of 9 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Which Mortgage Finance lender has the largest funding base?
Better Home & Finance Holding Company has the largest reported deposit base at $763 million. For lenders, deposits and borrowings are operating inputs rather than leverage, so they are read against asset quality and returns instead of as debt.
Is the Mortgage Finance sector beating the market?
Mortgage Finance has underperformed S&P 500 by 23.4% over the last 52 weeks and 22.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 9 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Mortgage Finance stock has the strongest price momentum?
Onity Group Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Mortgage Finance company scores highest for research priority?
Velocity Financial, Inc. scores 58.8 out of 100 with 64.4% evidence confidence, from 21.6 points on growth and earnings, 13.4 on capital efficiency, 8.6 on valuation and 15.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Mortgage Finance companies does this comparison cover, and over what period?
It compares 9 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Mortgage Finance sector?
The 9 Mortgage Finance companies on this page carry $50,668 million of combined market value. Rocket Companies, Inc. is the largest at $39,555 million, about 78% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.
What is the Mortgage Finance sector's P/B ratio?
The median price-to-book ratio across the 9 Mortgage Finance companies on this page is 1×, measured on the 9 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.
How is the Mortgage Finance sector performing?
0 of the 9 covered Mortgage Finance companies are beating S&P 500 on Mansfield relative strength. The sector itself is 23.4% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.
How many Mortgage Finance stocks are listed in the US?
This comparison covers 9 listed Mortgage Finance companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Mar 2026. Membership is the full industry list — nothing is dropped for having thin data.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.