Mortgage Stocks Down on Monday

The stock market as a whole, and most members of the Mortgage Industry Equity Composite, retreated on Monday to a lower close when compared with Friday.

There were 12 of the 17 MIEC member stocks which ended the day down with Ellie Mae leading the way, off 4.29%. Next was KB Home, down 1.92%, and Dime Community, down 0.85%.

Fiserv was the largest gainer on a percentage basis, up 2.21%, followed by PHH, which gained 1.45%, and PennyMac, up 1.18%.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Mortgage-Stocks-Down-Monday-1037996-1.html

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