But the Rest of the Day Is a Challenge

Executives from Ellie Mae rang the opening bell on the New York Stock Exchange Monday morning. But that didn’t help the stock with investors, as it recorded the largest percentage loss from Friday’s close among Mortgage Industry Equity Composite stocks.

The Dow Jones Industrial Average sank almost 130 points as investors worried about Europe. Most MIEC stocks were caught in the sell off as only four—CoreLogic, Radian, Redwood Trust and KB Home—finished higher than their Friday close.

On the other side of the ledger, Ellie Mae lost 6.44% on the day, followed by MGIC, down 3.48%, and Astoria Financial, down 2.94%.