The September stock market rally took a pause on Thursday, and so did most mortgage stocks. Of the 17 members of the Mortgage Industry Equity Composite, only three closed higher than they did
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MIEC members traded below or slightly their average volume, according to Yahoo Finance. The three stocks which did post gains had increases of under 1% were PHH, 0.9%, PennyMac Mortgage Investment Trust, 0.38%, and Redwood Trust, 0.22%.
Radian Group had the largest percentage loss on the day, down 3.49%, with competitor MGIC Investment Corp. next, down 1.8%. Title insurer Fidelity National Financial closed 1.75% down.
