Losers Edge Gainers Among Mortgage Stocks

There were more losers than winners on the Mortgage Industry Equity Composite on Tuesday, 10 to seven. However, PHH did lead the gainers, up 4.23%.

Technology provider Ellie Mae gained 3.47%, while Fiserv gained just 0.44%,

The stock with the largest percentage loss from its Monday close was MGIC Investment Corp., off 3.87%, followed by KB Home, down 3.45% and Radian, down 2.34%.

Commercial lender NorthStar Realty Finance priced a 35 million public offering of common stock at $9.60 per share on Tuesday morning. It had closed Monday at $9.89 per share.

NorthStar ended Tuesday at $9.57 per share.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Losers-Edge-Gainers-Mortgage-Stocks-1038027-1.html

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