Real estate finance-related stocks came out of the Labor Day weekend roaring on Tuesday as 13 of the 17 members of the Mortgage Industry Equity Composite reported gains over their closing price on Friday.
Leading the way was Fidelity National Financial, up 3.54%, as it and competitor First American Corp. were upgraded by the analysts at Keefe, Bruyette & Woods. Last week, the American Land Title Association announced
Next was Ellie Mae, up 3.17%; Reuters had a report on Tuesday that sources said the company has hired Morgan Stanley to oversee
OceanFirst Financial was No. 3 percentage gainer on the day, up 2.51%.
Bank of Hawaii had the largest percentage decline, 0.95%. It was followed by Astoria Financial, down 0.49%; PennyMac Mortgage Investment Trust, down 0.19%; and Home Loan Servicing Solutions, down 0.13%.
