MAR 4, 2013 5:13pm ET

Two MIs Lead Gains in MIEC Stocks Monday

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Most stocks in this publication’s Mortgage Industry Equity Composite fared well in terms of relative percentage gains Monday, particularly mortgage insurers MGIC and Radian.

MGIC, which also experienced a notable gain on Friday, ended the trading day Monday up more than 10%. Radian ended the trading day up more than 7%.

Many other MIEC stocks also were not only up at day-end but outperformed the 0.27% increase in the Dow. These included Ellie Mae, which was up 2.51% on the day; PHH, up 2.17% on the day; Kaufman and Broad, up 1.86% on the day; and Home Loan Servicing Solutions, up 1.65% on the day.

A few stocks were down slightly on the day, but by no more than 0.78%.

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