Bank of America as well as the three surviving mortgage insurance holding companies were taking it on the chin from investors even though the Dow Jones Industrial Average was up 199 points at noontime on Tuesday (and over 200 points up earlier in the day).

A pair of private MIs, MGIC and Radian, hit 52-week lows at some point during morning trading, resulting from investor hangover from PMI and Old Republic, both of whose mortgage insurance subsidiaries are entering run-off status. By midday they had regained some of the loss; MGIC was down $0.02 to $1.68, Radian off $0.05 to $2.01 while Genworth was down $0.02 to $6.14.

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