The Dow Jones Industrial Average plummeted over 225 points on Thursday over fears of the Federal Reserve starting to reduce its bond buying program and Wal-Mart cutting its forecast.
Housing-finance-related stocks were also hammered, as all but two Mortgage Industry Equity Composite members ended trading lower than their
One of those two was KB Home, which was caught up in a homebuilder sector rally. Earlier in the day, the National Association of Home Builders said
PHH ended the day down 3%, followed by OceanFirst Financial, down 2.23%, and Redwood Trust, down 2.18%.