Mortgage Stocks Mixed Results Reflect Tuesday’s Market

Servicing

The Mortgage Industry Equity Composite was split nearly evenly between losers and winners on Tuesday as the Dow Jones Industrial Average gave back early gains to close down 43 points.

Among the nine stocks which closed lower were Radian, down 2.12% from its Monday close; Home Loan Servicing Solutions, down 1.79%; and KB Home, down 1.74%. Even some of the blush came off of CoreLogics proposed purchase of MSB and DataQuick as it closed down 1%.

PHH on the other hand, gained 5.1%. It was followed by Ellie Mae, up 1.45%; and Bank of Hawaii, up 1.35%. All told, eight stocks closed higher on the day.

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