MGIC Stock Down 7%

By Brad Finkelstein

Published January 08, 2013, 4:45 p.m. EST

1 Min Read

Even though the Dow Jones Industrial Average ended the day off by 55 points, in the Mortgage Industry Equity Composite winners outpaced losers nine-to-seven, with one stock unchanged, at the close of trading on Tuesday.

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The private mortgage insurers, MGIC and Radian—which were among the leading gainers one week ago—were among the big losers. MGIC lost 7.22% from Monday’s close on a day where it revealed it did $2.2 billion in new insurance written and cut over 3,000 loans from its delinquent inventory for December.

Kaufman and Broad lost 1.85% and Radian lost 1.26%.

PennyMac led the winners, with an increase of 3.22%, followed by Ocean Financial at 1.73% and PHH at 0.90%.

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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