Intercontinental Exchange: Undervalued, Diversified Exchange With Strong History Of Acquisition Integrations

Mortgage Market Overview: Post-Covid Spike, Slowdown Continues Due to Low Supply/High Rates Despite all of the benefits ICE foresees with the combined mortgage business the mortgage market has been challenged in recent years following the spike in activity immediately following covid. ICE's pro forma Mortgage Technology Revenues in 1Q24 declined 3% Y/Y, marking the 9th consecutive quarter of Y/Y declines for the business. Additionally, ICE anticipates full year 2024 Mortgage Technology Revenues will be flat ...