PHH Leads Mortgage Stock Price Gainers

PHH Corp. led all gainers on the Mortgage Industry Equity Composite on Wednesday with a near 5% increase in its stock price. Bank of America, which was the third large bank to report results in the last two days, gained 2.3%.

There were 13 of the 17 MIEC members reporting a higher closing price compared with Tuesday.

Both Radian Group and MGIC Investment Corp. set new 52-week highs during the trading day. Radian was up 1.6% and MGIC gained 1.5%.

Ellie Mae’s stock price lost 1.5%. Other MIEC members reporting a decline were KB Home, Fiserv and Home Loan Servicing Solutions.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.