MIEC Stocks Gain as Much as 3.74% Wednesday


Industry stocks in this publication’s Mortgage Industry Equity Composite experienced gains as high as 3.74% and took losses no greater than 1% during the trading day Wednesday, when the Dow was up 0.4%.

Leading in terms of MIEC percentage gains on the day was real estate investment trust PennyMac. The second highest gain was experienced by mortgage insurer Radian, which was up 2.11% on the day. PHH, up almost 2% on Wednesday, had the third highest gain.

Experiencing slight declines on the day were Astoria Federal, CoreLogic, Fidelity National Financial and mortgage insurer MGIC.

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