Mortgage Stocks Rise on Day 4

Investors had a more positive view of the markets on Friday, even though things like the jobs data were not available because of the shutdown. There were 11 members of the Mortgage Industry Equity Composite which closed higher, with six lower.

CoreLogic led the way, up 2.13%, followed closely by Hudson City Bancorp, up 2.1%. Ellie Mae was up 1.18%.

Meanwhile, the shutdown is apparently affecting homebuilder stocks, and KB Home was the worst performer in the MIEC, down 5.84% from its Thursday close. Redwood Trust, whose mortgage real estate investment trust sector also has seen negative reaction to the shutdown, was down 1.85%. Home Loan Servicing Solutions was down 1.09%.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Mortgage-Stocks-Rise-Day-Four-1039242-1.html

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