Mixed Day for Mortgage Stocks

There were nine gainers and eight decliners in the Mortgage Industry Equity Composite on Thursday, a split which might reflect the market as a whole.

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Even though both the Dow Jones Industrial Average and the S&P 500 hit record highs during the day, both closed lower from Wednesday.

Among the MIEC stocks, the big gainer was MGIC Investment Corp., up 2.13%, followed by Ellie Mae at 1.21%, and PennyMac at 1.14%.

Redwood Trust had the largest percentage loss, a drop of 3.51%, followed by Astoria Financial, down 1.32%, and PHH was down 1.1%.


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