Assurant Gains as Fannie Mae Force-Placed Plan Stalls
This article is for subscribers only.
Assurant Inc., the seller of insurance on foreclosed homes, rose the most since 2011 as the overseer of U.S. housing agencies said it’s requiring more study of Fannie Mae’s plan to cut costs for the coverage.
Assurant gained 6.7 percent to $41.05 at 4 p.m. in New York, the biggest advance on the 81-company Standard & Poor’s 500 Financials Index.