BUZZ-U.S. Stocks on the Move-Mortgage insurers, Rent-A-Center, Kofax
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U.S. stocks opened flat on Friday after notching three declines in the prior four sessions, with the S&P 500 on track for its worst week since April. The Dow Jones industrial average was down 0.22 percent at 16,878.01 and the S&P 500 was down 0.15 percent at 1,961.69.
** MGIC INVESTMENT CORP, $8.1, -12.34 pct
** RADIAN GROUP INC, $13.845, -4.85 pct
** GENWORTH FINANCIAL INC, $16.15, -5.33 pct
Federal Housing Finance Agency (FHFA) asked for public comment on proposals to tighten requirement for private insurers that do business with government-controlled mortgage finance firms Fannie Mae and Freddie Mac.
The FHFA said that the proposed rules will help ensure "approved insurers have a sufficient level of liquid assets from which to pay claims". Continued...