Today's Case-Shiller figures are providing a lift to mortgage insurers MGIC (MTG +7.5%) and...

|About: MGIC Investment Corporation (MTG)|By:, SA News Editor

Today's Case-Shiller figures are providing a lift to mortgage insurers MGIC (MTG +7.5%) and Radian (RDN +3.8%). "Higher values of homes improve the ratio of borrowers that go into default because there’s less people with negative equity," observes analyst Jason Stewart. Radian rallied on Monday after Freddie Mac extended a coverage writing deal for a Radian subsidiary through the end of 2013.