Industry Stocks Mixed Tuesday

Some stocks in this publication’s Mortgage Industry Equity Composite gained as much as almost 5% in value while others declined slightly on the day Tuesday as the Dow increased slightly to another record high.

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Builder KB Home enjoyed the top gain among MIEC stocks of almost 5%, following a decline of close to 2% the day before. Eight MIEC companies gained in value on the day and nine lost value.

A $100 investment in MIEC stocks on Jan. 1, 1998 based on week-to-week gains as of Monday would be worth almost $44, according to this publication’s MortgageStats subsidiary. The index’s general trend has been stable to slightly higher this year.


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