Equities Close Week on High Note

The week ended on a high note, both for the Mortgage Industry Equity Composite and the broader stock market.

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On Friday, 14 of the 17 MIEC stocks closed higher than on Thursday, while on the same day the Dow Jones Industrial Average set another record.

Leading the way for the mortgage stocks was Home Loan Servicing Solutions, up 1.96%. Mortgage insurer Radian reached another 52-week high point and closed up 1.84%. Ellie Mae was third, with a gain of 1.2%.

Fidelity National Financial was down 1.44% on Friday, while PennyMac closed down 0.55%. The third stock which lost ground was MGIC Investment Corp., which lost $0.01 per share.


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