Though consolidation, losses, and general misfortune have come to characterize most of the mortgage industry for 18 months and counting, several mortgage-related ticker symbols have been quietly rebounding - scoring high-double-digit or better gains.

Countrywide Credit Industries Inc., for example, reached a 12-month high on Monday, trading at $43.50, up 88% from its 12-month low of $23.125 on March 8. Fannie Mae and Freddie Mac have also posted large gains; Fannie's stock price has jumped 59% since early September, while Freddie's shares are up 53% in the same period. Most impressive are Washington Mutual and Golden State Bancorp, up over 120% since March.

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