Hudson City Stock Down as M&T Deal Is Delayed

Hudson City Bancorps stock declined 3.53% on Thursday on news that its proposed acquisition by MT Bank Corp. is still on hold pending resolution of a regulatory matter.

Other members of the Mortgage Industry Equity Composite closing lower on the day include MGIC Investment Corp., down 1.56%, CoreLogic, down 1.38%, and Radian, down 0.41%.

KB Home is the leading gainer, up 5.17%. Astoria Financialwas up 2.89% and Redwood Trust was up 1.46%.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Hudson-City-Deal-Delayed-1039455-1.html

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