Investors Sell Radian After 4Q Loss

Radian, which reported a fourth-quarter loss of $177 million in the morning, was the big loser among the Mortgage Industry Equity Composite stocks on Monday.

At one point during the day, the stock was actually up $0.32 per share over its Friday close, but finished down 3.12%, or $0.21 per share.

And its competitor in the private mortgage insurance business, MGIC Investment Corp., was next, down 1.82%.

On the other hand, the lead gainer was technology provider Ellie Mae, up 4.49%, with Redwood Trust the only other significant gainer on a percentage basis, up 1.02%.

An article from Bloomberg News said Redwood Trust’s shares have returned 83% in the past year.

Although the Dow Jones Industrial Average ended the day down 21.73 points, MIEC winners outpaced losers 11 to six.