Shares of many mortgage banks that buy loans from correspondents and brokers have lost considerable value in recent weeks.

Express America Mortgage ended the week at $5.63, down more than 40% from trades in early June. Likewise, Plaza Home Mortgage closed at $5.93, down almost 25% from June 3, while Imperial Credit Industries, which ended Friday at $9.25 has lost almost 20% in the same period.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.