MGIC Investment Corp. had the largest percentage gain among Mortgage Industry Equity Composite stocks on Wednesday, closing up 2.4% on lighter-than-average trading volume.
Overall, nine MIEC stocks closed higher and eight lower than
Ellie Mae had the largest percentage loss, down 2.3%. Fiserv was down 0.9%, while Dime Community was down 0.85%.
The Dow Jones Industrial Average losing streak hit a fourth day and it was down 25 points.
In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
Adam Boyd, a veteran financial services executive with more than 25 years of experience, will head the growth of Rate's consumer lending platform.
Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
