Mortgage Stocks Fell With Market

Seventeen of 19 mortgage stocks tracked by MortgageWire declined on Friday, a day when the Dow Jones industrial average fell 208 points, or 1.5%.The surprising gainers were Countrywide, up 2.05% on the day, and Washington Mutual, up 1.58%. Both companies' shares had fallen significantly during the week, however, and remained below their opening price on Monday, July 23. The biggest losers among mortgage-related stocks on Friday were Accredited Home Lenders, down 12% on the day; Triad Guaranty, down 6.48%; and Franklin Bancorp, down 3.5%. The Dow was down a little more than 13 points as of midday Monday.