Mortgage Stocks Do Better on Thursday

Mortgage stocks fared slightly better on Thursday than they did on Wednesday, as six of the 17 Mortgage Industry Equity Composite stocks gained ground even though the Dow Jones Industrial Average lost 81 points.

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Leading the way was OceanFirst Financial, up 3.17%, most likely in anticipation of the company’s results issued after the market closed. Hudson City Bancorp was up 0.82% and Redwood Trust up 0.64%.

Meanwhile, KB Home was down 4%. Bank of America, with higher trading volume than average after the release of disappointing results on Wednesday, was down 2.22%. CoreLogic was down 1.52%.


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