Quiet Start to Week for Mortgage Stocks

Mortgage stocks were down, as was the stock market in general, on Monday in anticipation of this week's Federal Open Market Committee meeting.

Only three of the 17 Mortgage Industry Equity Composite members closed higher than their close on Friday and only two had higher trading volumes than their average, according to Yahoo Finance.

The three gainers were CoreLogic, up 1.43%, Ellie Mae, up 1.16%, and Redwood Trust, up 0.24%.

KB Home was down 2.43%, the biggest percentage loss on the day. Next was OceanFirst Financial, down 1.92%, and Bank of America, down 1.43%.

The two stocks with higher volume than average were PHH and Dime Community.