Twelve of the 15 mortgage-related stocks tracked by MortgageWire were down Friday as the Dow Jones industrial average fell 315 points to close at 12,266. The biggest loser was Kaufman & Broad, the parent of homebuilder KB Home, which saw its stock price fall by 7.1% on the day, dropping $1.82 to $23.93 per share. PMI Mortgage Insurance fell 6.8%, or $0.53 per share, to close at $7.27, and Franklin Bank's stock slid 6.1%, or $0.25, closing at $3.84. Also hit with declines of more than 5% were Washington Mutual, down 5.9%, and Doral Financial, down 5.7%. Freddie Mac was one of the three mortgage-related stocks tracked by MortgageWire that bucked the trend by gaining ground on the day, closing up 2.8%. The other gainers were LandAmerica Financial Group, up 5.3%, and Fidelity National, up 2.2%. As of midday Monday, the Dow was down less than 20 points.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry