Optimism Over End to Shutdown Helps Mortgage Stocks

Optimistic investors drove the stock market up over 300 points in Thursday trading on the hopes that a deal is coming soon to end the shutdown. That optimism led all 17 Mortgage Industry Equity Composite stocks to close higher than they did on Wednesday.

The leader is MGIC Investment Corp., up 5.52%, while Radian Group ranked No. 3, up 3.05%. Both stocks benefitted from the news that the second de novo private mortgage insurer, NMI Holdings Inc., is moving down the same path as Essent Group and going public.

Ellie Mae is Thursdays laggard stock, up a mere 0.06%.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Optimism-End-Shutdown-Helps-Mortgage-Stocks-1039353-1.html

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