MGIC Leads All MIEC Stocks Thursday Morning
The private mortgage insurers, beneficiaries of the deal to avert the fiscal cliff, are the leading performing stocks of the ones that compromise this publication’s Mortgage Industry Equity Composite Index.
MGIC was up 3% as of 10:30 a.m., while Radian was up 0.64%, according to Yahoo Finance. But while all 17 stocks in the MIEC closed the market above where they started on Wednesday, so far this morning losers outpace gainers by a margin of 10-to-7.
The three worst performers were Ocwen, down 2.81%; Ellie Mae, down 1.74%; and Hudson City Bancorp, down 0.78%.