FOMC Notes Drag on Mortgage Stocks Again

There were just four Mortgage Industry Equity Composite stocks which closed Thursday higher, as the stock market had a second day of bearish reaction to the Federal Open Market Committee notes.

The gainers were led by the private mortgage insurers, Radian, up 2.83%, and MGIC, up 1.15%.

The others in the green were Redwood Trust and Fidelity National Financial.

Technology providers Ellie Mae and CoreLogic took it on the chin, down 9.25% and 4.26%, respectively.

Bank of America was down 3.22% and PHH was down 2.45%.