Mortgage Stocks Don't Share in Record Market

Although the Dow Jones Industrial Average set an all-time high on Friday, the performance of the Mortgage Industry Equity Composite was more mixed. Eight of the 17 stocks finished below their Thursday prices, most likely because of the jobs report.

Redwood Trust, which reported results, finished down 4.38%. PennyMac and Fidelity National Financial also lost ground, down 1.72% and 1.26%, respectively.

KB Home had the highest percentage gain, up 3.49%, followed by Astoria Federal at 2.55%, and its metro New York competitor Dime Community, up 2.01%.