The Ticker
MGIC Investment trading soars as home prices beat forecast
12/26/12 1:45pm
MGIC Investment Corp. ($6.32 0.16%), the mortgage insurer that breached regulators’ capital limits, jumped in New York trading after a report on October home prices showed values beat forecasts, signaling a sustained recovery.
MGIC surged as much as 12% and was up 9.6% to $2.62 at 10:51 a.m. The Milwaukee-based firm has slid 30 percent this year. Rival Radian Group Inc. ($13.73 0%) rose 3.9% today.
cmlynski@housingwire.com
