Only two of the 17 stocks tracked by the Mortgage Industry Equity Composite index survived the investor selloff during Wednesday, small-to-midsize bank members Dime Community and OceanFirst Financial.
As the Dow Jones Industrial Average fell by over 111 points on weak economic news, Dime Community was up on the day 0.93% over its
Meanwhile of the 15 stocks which reported declines, 13 of those drops were of 1% or greater. Leading the way was KB Home, down 5.48%, followed by PHH, down 3.89%, and Radian, down 3.43%.
Non-MIEC members Fannie Mae and Freddie Mac are still seeing heavy interest in their stock, with both still showing trading volumes well above normal. Fannie Mae, which
