After Novastar disaster earlier this week the mortgage market can’t settle on new lows yet:

  • NFI another -9% today after yesterday -40%
  • NEW -5% to punish those who thought it settled
  • AHM, quite a big one, -4% on absolutely no news
  • DFC, HMB, LEND all -4%
  • Only HRB, which is reporting after close, is +1% (pump and dump?)
  • HBC, the world 3-rd largest bank, is 3% below 200-day moving average
  • Some tiny lenders are up a little bit, but its not important

Welcome the brave new world!

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