On a day where the Dow Jones Industrial Average fell by almost 179 points, all but two stocks related to the mortgage banking industry were among the losers.
The biggest hits were among the commercial banks that are the nation's largest originators and servicers. JPMorgan Chase, where a managerial shakeup on Tuesday took out the chief executive of its mortgage banking unit, had the biggest dollar and cents loss for the day among this group, down $0.92 to close at $40.68.
Citigroup was off by $0.78 a share on the day and closed at $38, Wells declined $0.47 to $26.55, and Bank of America was down by $0.30 to $10.50.
On a percentage basis, the biggest losers were Genworth, down 4.35% or $0.45 to $9.89; First American, down 3.62% or $0.55 to $14.66; and Radian, down 3.06% or $0.12 to $3.80.
The only stocks to gain on the day were Stewart, up $0.04 to close at $9.71, and Flagstar, up $0.02, closing at $1.30.
