MGIC Falls After Monthly Release, Leading Move Lower for Mortgage Insurers

Mortgage Insurers are dropping sharply on news that MGIC Investment Corp. MTG released horrible monthly operating statistics. MGIC said that there was an increase in newly delinquent loans. Names like PMI Group PMI, MBIA MBI and Radian Group Inc. RDN are all getting hit hard today on the back of this news. Here is the press release in its entirety.