Fiserv Acquisition Drives Down Stock Price

There were 12 winners and five losers in the Mortgage Industry Equity Composite for Tuesday, with MGIC once again leading the stocks in the red.

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MGIC was down 3.83% from its Monday close, according to Yahoo Finance, but Fiserv had the most negative investor sentiment.

Volume was nearly four times the three-month average and it closed down 2.93% after news it is buying Open Solutions, a Glastonbury, Conn.-based technology provider to banks, thrifts and credit unions.

On other hand, the other two tech stocks in the index, CoreLogic and Ellie Mae, were Tuesday’s leading and No. 3 gainer on the day.

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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