BUZZ-U.S. Stocks on the Move-Mortgage insurers, Rent-A-Center, Kofax

Fri Jul 11, 2014 9:57am EDT
 
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(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for more market insights, including options activity, ; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)

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...