The Dow Jones Industrial Average fell by 185 points on Friday, as budget worries combined with renewed questions on when the Federal Reserve will start to taper spooked investors. That also took a toll on members of the Mortgage Industry Equity Composite, as 12 of the 17 member stocks closed lower.
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KB Home, which was the biggest beneficiary among MIEC stocks of Wednesday’s
MGIC Investment Corp. was down 2.61, CoreLogic was off 2.24% and Radian Group closed 2.07% lower.
Ellie Mae led the gainers, up 2.48%. Next was Bank of Hawaii, up 2.14%, and Dime Community, up 1.21%.
