More Winners Than Losers in Fridays MIEC

By Brad Finkelstein

Published January 18, 2013, 5:17 p.m. EST

1 Min Read

There were 10 winners verses six losers and one stock breaking even in Friday’s Mortgage Industry Equity Composite.

Processing Content

The leaders were Redwood Trust, up 2.41% over Thursday’s close, followed by Kaufman & Broad, up 2.03%, and MGIC, up 1.81%.

On the other hand OceanFirst Financial was off 1.65%, followed by Bank of America at 1.24%.

The analysts at Zacks.com put out Friday a release stating the mortgage finance sector was the hottest niche it tracks right now. Of the five stocks it mentioned in the release, two are members of the MIEC: Home Loan Servicing Solutions and PHH. Both firms have Zacks’ highest ranking, but on Friday, both were along the losers, with PHH down 0.80% and HLSS down 0.44%.

Brad Finkelstein

Originations Editor

Brad Finkelstein is the originations editor of National Mortgage News. While he covers the entire process, Brad's specialty is loan production and... Read full bio

For reprint and licensing requests for this article, click here.

MORE FROM NATIONAL MORTGAGE NEWS

Fraud

FBI: Real estate cyberfraud rises with more AI, crypto scams

The industry reported $275 million in losses from internet crimes last year, a 59% annual increase as losses nationwide surpassed $20 billion.

By Andrew Martinez
Reporter

April 10
Home equity loans

HEI customers file new class action against Unison

A Colorado couple filed suit after realizing they might owe as much as $279,000 on a home equity investment contract used to obtain $88,000 in 2018.

By Spencer Lee
Technology Reporter

April 10
Economic indicators

War, oil and inflation: What it means for rates

Economists surveyed by Wolters Kluwer are scaling back rate cut expectations as Iran conflict-driven energy costs push inflation higher, complicating the Fed's path forward.

By Brad Finkelstein
Originations Editor

April 10
Inflation

Energy prices drive up inflation by 0.9% in March

A 21.2% spike in the price of gasoline was the biggest contributor to a 0.9% increase in the Consumer Price Index in March, according to a Friday report from the Bureau of Labor Statistics. The agency said other price increases were largely contained.

By Ebrima Santos Sanneh
Reporter

April 10
Originations

Jumbo lending playbook: automation, overlays and ROI

Jumbo loans demand more scrutiny and documentation, but automation is streamlining the process — and lenders who master the product stand to gain in a moderately bullish market.

By Brad Finkelstein
Originations Editor

April 10
LoanDepot

LoanDepot taps Figure to launch 5-minute loan product

LoanDepot will integrate Figure's proprietary credit and loan underwriting engine into its own proprietary mello technology platform and point of sale system.

By Colin McNamara
Reporter

April 9

Load More