Most MIEC Stocks, Like Dow, Drop-with Exceptions

Stocks in this publications Mortgage Industry Equity Composite, like the Dow, were generally lower on the day Tuesdayalthough there were exceptions.

PennyMac was up 3.84% on the day and industry vendor Ellie Mae was up 0.87%. Compared to the Dow, which was down 0.5%, Astoria Federal (down 0.3%) also did relatively well.

However, most industry stocks were down by more percentage-wise than the Dow, but the most any one individual MIEC stock was down on the day was just 4.65%.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Most-MIEC-Stocks-Like-Dow-Drop-Exceptions-1036755-1.html

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