Investors Still Waiting on FOMC

It was another slow day for most members of the Mortgage Industry Equity Composite (as well as the stock market as a whole) on Tuesday as investors waited for news from the Federal Open Market Committee meeting.

Most MIEC members (except CoreLogic, Fiserv and Dime Community) had lower-than-average (in some cases way lower than average) trading volumes, according to Yahoo Finance.

MGIC Investment Group was the largest gainer on the day, up 2.96%, followed by PHH, up 2.93%, and Radian Group, up 1.58%.

Ellie Mae was down 4%, along with Dime Community, down 1.96%, and Fidelity National Financial, down 1.58%. Overall, six of the 17 MIEC stocks ended the day lower than their Monday closing price.