Sluggish Friday for Mortgage Stocks
Losers outpaced gainers among Mortgage Industry Equity Composite members 10 to 7 in a sluggish trading day on Friday.
Most member stocks had lower-than-normal trading activity. At one point the Dow Jones Industrial Average was down 150 points but ended the day three points over where it ended Thursday.
The biggest gainer among MIEC stocks was KB Home, up 3.04%. PHH was next, gaining 9.44%. Dime Community, which reported 2Q13 earnings of $12 million (up from $11.5 million in 2Q12) after the market closed on Thursday, was up 0.9%.
Astoria Financial had the biggest percentage decline, down 1.35%, followed by MGIC Investment Corp., down 0.92%, and Bank of America, down 0.67%.