The Dow Jones Industrial Average flirted with 14,000 on Tuesday as investor confidence returned to the market and that investor confidence helped to buoy the housing-related stocks which make up the Mortgage Industry Equity Composite.
Of the 17 members, 15 finished higher than they did on Monday, led by the much-maligned Bank of America, up 3.4%.
Another stock that has been either a big gainer or a big loser, MGIC Investment Corp., finished Tuesday up 2.54%.
Most MIEC stocks had a larger percentage gain than the DJIA, which was up 0.71%.
Those that fell below that threshold include PennyMac, up 0.53%, KB Home, up 0.46%, Home Loan Servicing Solutions, down 0.6%, and Ellie Mae, down 3.37%.