Two MIs Lead Gains in MIEC Stocks Monday

Most stocks in this publication’s Mortgage Industry Equity Composite fared well in terms of relative percentage gains Monday, particularly mortgage insurers MGIC and Radian.

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MGIC, which also experienced a notable gain on Friday, ended the trading day Monday up more than 10%. Radian ended the trading day up more than 7%.

Many other MIEC stocks also were not only up at day-end but outperformed the 0.27% increase in the Dow. These included Ellie Mae, which was up 2.51% on the day; PHH, up 2.17% on the day; Kaufman and Broad, up 1.86% on the day; and Home Loan Servicing Solutions, up 1.65% on the day.

A few stocks were down slightly on the day, but by no more than 0.78%.

Bonnie Sinnock

Capital Markets Editor

Bonnie Sinnock is National Mortgage News' Capital Markets Editor at Arizent and has worked for NMN and affiliated publications since 1995. Her... Read full bio

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