Fiserv had the largest percentage loss on the day from its Monday close, but that was because the stock did a two-for-one split before the market opened.
The next largest percentage loss among MIEC members was recorded by Astoria Financial at 1.75%, followed by Radian Group and MGIC Investment Corp.
Ironically, a report from Keefe, Bruyette & Woods recommended investors put money into mortgage insurers and title insurers. Fidelity National Financial closed 1% higher.
PHH and Redwood Trust each closed nearly 1.3% higher.
The latest delay in the closing of Hudson City Bancorp’s acquisition by M&T Bank Corp. caused the former’s stock price to drop 0.76%.