Only one MIEC stock closed higher than it did on Friday: OceanFirst Financial, up 1.86%.
However, not even a ratings upgrade from Moody’s Investors Service could save MGIC Investment Corp. The stock lost 5.7% from its previous close. Moody’s did raise the insurance financial strength rating of Mortgage Guaranty Insurance Corp to Ba3 and the senior debt rating of parent company MGIC Investment Corp. to B3, based on their improved financial conditions.
KB Home was down 4.29% on the day, while Home Loan Servicing Solutions lost 4.26%.