FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

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Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

HW 30 posts mixed results

Weak consumer sentiment, Fed hopes contribute to volatility

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Stocks on the HW 30 — HousingWire’s exclusive list of mortgage-related companies — were somewhat of mixed bag on Friday, with some landing in positive territory and others falling short.

With October proving to be a weak month for consumers, sentiment fell to 73.2 in the final reading, down from an index score of 75.2 at mid-month and down from 77.5 in September.

"Today’s report suggests [consumers] are less than upbeat about the current jobs market and increasingly cautious about long-run prospects," explained Econoday analysts.

A continued weakening of jobs reports has sealed the deal for many investors that the Federal Reserve will remain committed to its asset purchases for the remainder of the year — further providing a floor for housing.

Mega lenders finished out Friday strong, with all major banking institutions posting gains.

Bank of America (BAC) finished out the day strong, up 0.64%, while JPMorgan Chase (JPM) followed suit, up 0.55% Friday.

Mortgage lending giant Wells Fargo (WFC) also entered positive territory, up 0.40% for the day.

Homebuilders felt the squeeze of consumer confidence, underperforming at close on Friday

Smaller homebuilders D.R. Horton (DHI) and Lennar Corp (LEN) took a beating, down 0.45% and 0.59%, respectively.

On the reverse side, Toll Brothers (TOL) was the only homebuilder to see gains Friday, with the stock finishing up 0.15%. 

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