Uneventful Trading for Most MIEC Stocks

As markets closed on Friday more than half of the companies in the Mortgage Industry Equity Composite saw an uneventful trading day except for Kaufman & Broad.

The builder saw stock prices drop 4.42% from $17.20 to $16.44 as over 5.7 million stocks exchanged hands.

The six other stocks that traded for less—Home Loan Servicing Solutions, CoreLogic, MGIC, Bank of Hawaii, Hudson City Bancorp and Radian—marked minor price declines of around 1%.

Following a good day for insurers, over 6 million Radian stocks traded at a loss of 1.29%, the second largest price decline for the day.

Trading at a steady $14.57 up to 115.4 million Bank of America shares sold made it the most popular mortgage stock on Friday.