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PennyMac, MIs Lead MIEC Losers Friday Morning

JAN 4, 2013 12:16pm ET
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The run by the private mortgage insurers as the leading gainers among the stocks compiling the Mortgage Industry Equity Composite is over, as both MGIC and Radian are among the laggards in early morning trading today.

Radian stock price is down 1.25% while MGIC’s is off 0.64%. But the big loser for the day so far on a percentage basis is PennyMac, down 1.54%. Ellie Mae is down 1.06%.

Radian actually hit a 52-week high on Jan. 2 at $6.52 per share.

On the other hand, Redwood Trust is up 1.48% over the previous close, with other leading gainers being Astoria Financial Corp. and Bank of Hawaii.

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