Radian’s Plunge Leads Other Mortgage Insurers Lower
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The three largest mortgage insurers fell in New York trading after Radian Group Inc. reported a wider loss that missed analysts’ estimates.
Radian, the second-biggest U.S. mortgage insurer, dropped $1.77, or 20 percent, to $7.26 a share at 4:01 p.m, the steepest decline since March 2009. MGIC Investment Corp., the largest, fell 5.1 percent to $8.41 while PMI Group Inc. slipped 1.9 percent to $3.10.