Bank Stocks Lower After White House Denies 'Mass Home Refinancing' Rumor (XLF)

Responding to rumors from earlier Thursday, a White House spokesperson said the administration currently has no plans for a mass home refinancing.

Traders had been buying stocks in the financial sector following the rumor. The Financial Select Sector SPDR ETF (NYSE: XLF) closed up 1.3 percent.

Since refuting the report, bank stocks are falling after hours:

• BofA (NYSE: BAC) down 2.8 percent
  
• Goldman Sachs (NYSE: GS) down 0.25 percent
  
• Citi (NYSE: C) down 0.6 percent
  
• Wells Fargo (NYSE: WFC) down 0.4 percent
  
• Morgan Stanley (NYSE: MS) down 0.9 percent
  
• JPMorgan (NYSE: JPM) flat

Elsewhere:

• MGIC (NYSE: MTG) down 2.1 percent after hours
  
• Radian (NYSE: RDN) down 3 percent

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