Most Mortgage Stocks Close Lower on Slow Friday
There were more losers than gainers among the members of the Mortgage Industry Equity Composite on Friday even as the Dow Jones Industrial Average gained 16 points.
Radian Group had the largest percentage loss, 1.2%, on a day when most MIEC members had lower than average trading volume. PHH was the only other stock with a percentage loss over 1%.
There were 11 stocks which closed lower than they did on Thursday, with five higher and Hudson City Bancorp unchanged. It is the second day in a row where the MIEC moved in a different direction than the Dow.
OceanFirst Financial was the largest gainer at 1.1%.