Radian Stock Down 2%

NMI Holdings’ common stock finished its first day of trading at $14 per share, up $1 from where it was priced before the market opened on Friday.

The offering helped competitor MGIC Investment Corp. to a gain of more than 3% on the day. However Radian Group’s common stock price was down an additional 2% on Friday, as investors are still reacting to its 3Q13 losses and statements made by CEO S.A. Ibrahim.

There were 13 Mortgage Industry Equity Composite stocks which posted gains on the day, led by CoreLogic, up 3.79%.

On the other hand, KB Home declined 3.33% and Redwood Trust closed 1.1% lower. PennyMac Mortgage Investment Trust broke even on the day.