Mortgage Insurers, Builder, Fared Best Among Stocks Thursday

A builder and some mortgage insurers were among the companies on this publication’s Mortgage Industry Equity Composite that fared well in terms of how their stocks traded during the standard business day on Thursday.

Processing Content

Mortgage insurer MGIC led percentage gains on the day with a 3.28% increase at $7.24 per share, followed by builder Kaufman and Broad, which was up 2.81% at $17.20 per share, and another mortgage insurer, Radian, which was up 2.27% at $13.18 per share.

Almost all MIEC stocks generated some sort of gain on the day. Many MIEC stock gains outperformed the Dow, which ended the day up 0.44%.

The exception was technology provider Ellie Mae which experienced a 3.71% decline in its stock price at $28.78 per share.

Bonnie Sinnock

Capital Markets Editor

Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her... Read full bio

MORE FROM NATIONAL MORTGAGE NEWS

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

2h ago
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

5h ago
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
Secondary markets

UMBS a key risk in any GSE ownership change: report

It doesn't have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices group say.

By Bonnie Sinnock
Capital Markets Editor

April 9
Mortgage rates

Iran ceasefire brings brief reprieve for mortgage rates

The 30-year fixed fell to 6.37% after a two-week ceasefire tempered war-driven volatility, but economists warn the spring housing market faces continued turbulence.

By Spencer Lee
Technology Reporter

April 9
Originations

Mortgage credit hits three-year high entering spring market

The Mortgage Bankers Association found gains in March for conforming, jumbo and government-sponsored loan indices for the third consecutive month.

By Andrew Martinez
Reporter

April 9

	About Bonnie
twitter	bcynic
mailto	bonnie.sinnock@arizent.com
linkedin	bonnie-sinnock-115a829