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What We're Reading: The Good Friday edition
Lending / The Ticker

HW 30 dips a bit

Impac ends up, most servicers finish down

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The HW 30 — HousingWire’s indexed list of mortgage-finance related stocks — mirrored other indices today by falling and ending down 2.45%.

Ellie Mae (ELLI) saw the biggest loss, with a 2.27% dip to a close of $26.83.

Other servicers who fell included Radian (RDN), down 1.55%, MGIC (MTG) down 1.07%, and CoreLogic (CLGX) down 0.26%.

Home improvement stocks also ended the day down, with Home Depot (HD) falling 1.26% and Lowes (LOW) down 0.84%.

The biggest gains were seen by IMPAC Mortgage Holdings (IMH) with its stock increasing 4.59% to $5.45.

Other firms ending in positive territory included Fidelity National (FNF) at 2.64%; American Capital Agency Corp. (AGNC) up 2.03%; Annaly Capital Management (NLY) up 1.86%; and Lennar Corp. (LEN) with a 1.43% gain.

The only news that could stifle the housing finance market would be the major shifts coming to the FHFA after the Senate confirmed Rep. Mel Watt, D-N.C., as the agency's next leader on Tuesday.

It's unknown how Watt will lead the FHFA, but he has shown himself to be more partial to principal writedowns and a refi expansion in the past.

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