All but two of the members of the Mortgage Industry Equity Composite closed lower on Thursday, day three of the shutdown.
Redwood Trust declined 4.37% with heavy trading volume on the day. KB Home was next, down 1.93%, and MGIC Investment Corp. was third, falling 1.51%. All three are in businesses that rely primarily on home purchases for business and
OceanFirst Financial was the lone gainer, up 0.9%, while PHH closed unchanged.