Mortgage Insurers Once Again Pace Industry Stocks

The private mortgage insurers once again recorded the highest gains from their previous close, as gainers outpaced losers 10-7 in the Mortgage Industry Equity Composite for Monday.

Radian was up 4.34% over its close on Friday, while MGIC Investment Corp. was up 4.08%. Technology stock Ellie Mae was third, up 3.98%.

PennyMac had the biggest loss during the session on a percentage basis, down 3.67%. KB Home was down 1.78%, while Fidelity National Financial was down 1.28%.

Although Hudson City Bancorp was up 0.12%, its trading volume of over 7 million shares was more than twice its average. The company is in the process of merging with M&T, but the deal is awaiting regulatory approval.