At one point during the day, the stock was actually up $0.32 per share over its Friday close, but finished down 3.12%, or $0.21 per share.
And its competitor in the private mortgage insurance business, MGIC Investment Corp., was next, down 1.82%.
On the other hand, the lead gainer was technology provider Ellie Mae, up 4.49%, with Redwood Trust the only other significant gainer on a percentage basis, up 1.02%.
An article from Bloomberg News said Redwood Trust’s shares have returned 83% in the past year.
Although the Dow Jones Industrial Average ended the day down 21.73 points, MIEC winners outpaced losers 11 to six.
