CoreLogic, LPS Competitor, Sees Its Stock Price Fall 2%.
CoreLogic, a competitor of Lender Processing Services, had the second the largest percentage loss among Mortgage Industry Equity Composite stocks on Monday.
The company’s shares lost nearly 2% from its Friday close. This is the second trading day following Fidelity National Financial’s completion of the LPS deal. FNF’s loss of 1.5% was the third largest decline among the 12 MIEC stocks which closed lower.
MGIC Investment Corp had the largest loss at slightly over 2%.
PennyMac Mortgage Investment Trust gained 2.4%, followed by Bank of America at 1.5%. The other gainers in the MIEC were PHH, Dime Community and Fiserv.