Acquisition Sends CoreLogic's Stock Price Soaring

By Brad Finkelstein

Published July 01, 2013, 4:34 p.m. EDT

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Updated July 01, 2013, 4:43 p.m. EDT

1 Min Read

CoreLogic’s common stock gained 8.11% in trading on Monday after the company announced before the market opened that it was acquiring Marshall & Swift/Boeckh and DataQuick Information Systems from TPG for $611 million.

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By far it was the biggest gainer on the day among Mortgage Industry Equity Composite stocks. The only stocks in the red on the day were KB Home, down 3.16% from last Friday; Fiserv, down 0.14%; and Fidelity National Financial (which is in on course to acquire Lender Processing Services), down 0.08%.

Besides CoreLogic, the MIEC stocks with the largest percentage gains were Astoria Financial, up 2.32%, and Dime Community, up 2.78%.

Brad Finkelstein

Originations Editor

Brad Finkelstein is the originations editor of National Mortgage News. While he covers the entire process, Brad's specialty is loan production and... Read full bio

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