Fin Trending Hot Stocks- MGIC Investment Corp. (MTG), Genworth Financial Inc (GNW)
Shares of MGIC Investment Corp. (NYSE:MTG) ended Tuesday session in red amid volatile trading. The shares closed down -0.02 points or -0.25% at $7.96 with 4.19 million shares getting traded. Post opening the session at $7.91, the shares hit an intraday low of $7.91 and an intraday high of $8.02 and the price vacillated in this range throughout the day. The company has a market cap of $2.74 billion and the numbers of outstanding shares have been calculated to be 340.64 million shares.
MGIC Investment Corp. (MTG) provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services.
Shares of Genworth Financial Inc (NYSE:GNW) ended Tuesday session in red amid volatile trading. The shares closed down -0.07 points or -1.34% at $5.14 with 7.51 million shares getting traded. Post opening the session at $5.21, the shares hit an intraday low of $5.11 and an intraday high of $5.27 and the price vacillated in this range throughout the day. The company has a market cap of $2.62 billion and the numbers of outstanding shares have been calculated to be 498.34 million shares.
Genworth Financial Inc (GNW) announced an expansion of its Homebuyer Privileges® program to include discounts for nearly 300,000 retailers nationwide, including Target, Costco, Sears Commercial and ADT, among others.
The enhanced program, unique to the industry, allows homebuyers to save up to $7,500 through a variety of retailer coupons. Loan Officers can extend these savings to homebuyers regardless of whether or not their loan includes private mortgage insurance from Genworth Mortgage Insurance. Homebuyers have up to 12 months to enroll in the program, and up to 12 months after enrolling to utilize the discounts.
“Our research shows that down payments are still the biggest obstacle to homeownership for many consumers,” said Rohit Gupta, President and Chief Executive Officer, Genworth Mortgage Insurance. “By expanding our Homebuyer Privileges program, our customers can offer even more savings that might allow prospective homebuyers to better control their costs and achieve their homeownership dreams sooner.”