On Monday, Shares of MGIC Investment Corp. (NYSE:MTG), gained 4.44% to $10.35.
On April 17, MGIC Investment, commented on GSE Private Mortgage Insurer eligibility requirements. Government-owned, mortgage-investment companies Fannie Mae (FNMA) and Freddie Mac (FMCC) issued final mortgage insurer guidelines late Friday.
The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, declared softened mortgage insurers’ standards that eased capital requirements on some loans from 2005 through 2008, in cases where borrowers steadily met their commitments, Bloomberg reports.
The latest standards are meant to prevent a repeat of what happened after the financial crisis, when a collapse in home prices led many in the industry to go out of business, according to Bloomberg.
The rules are set to take effect at the end of the year.
MGIC Investment Corporation, through its auxiliaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States.
Shares of Oasis Petroleum Inc. (NYSE:OAS), gained 4.14% to $18.10, during its last trading session, after an independent exploration and production company, as oil prices continue to rally recently due to U.S. crude reserves rising last week by less than what analysts forecast.
Oasis Petroleum shares have risen 7.8% over the previous five trading sessions as the stock practiced volatility that matched crude’s up and down week.
Data provider Genscape stated that crude stockpiles in the Cushing, OK storage hub raised by less than 500,000 barrels last week, according to the Wall Street Journal, a smaller raise than has been stated in recent months as U.S. stockpiles have reached multi-year highs.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. The company’s principal projects are located in West Williston and East Nesson.
At the end of Monday’s trade, Shares of Whiting Petroleum Corp. (NYSE:WLL), gained 4.09% to $36.38.
Whiting Petroleum, declared that it had committed to submit to a vote of stockholders at its 2016 annual meeting an amendment to its by-laws to implement proxy access and an amendment to its certificate of incorporation to implement declassification of its board of directors. The amendments to the by-laws and certificate of incorporation will become effective if approved by stockholders at the 2016 annual meeting.
Proxy access allows eligible stockholders to place their own director nominees on the company’s proxy card, together with candidates nominated by the company’s board of directors. The amendment to the by-laws would specify an eligibility threshold of holding 3% or more of outstanding common stock for at least 3 years. It would also provide that an individual stockholder or group of up to 25 stockholders who meets the eligibility threshold, and who complies with specified procedural and disclosure requirements, could comprise in Whiting’s proxy materials stockholder-nominated director candidates. The number of stockholder-nominated director candidates may not exceed 25% percent of the directors then serving.
The amendment to the certificate of incorporation to declassify the board of directors would provide that directors would be elected to one-year terms as their existing three-year terms expire, starting with the class of directors to be elected at Whiting’s 2017 annual meeting.
Whiting Petroleum Corporation, an independent oil and gas company, attains, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States.
Finally, FireEye, Inc. (NASDAQ:FEYE), ended its last trade with 3.89% gain, and closed at $42.43.
FireEye, declared an expansion of its Fuel partner program with the launch of the FireEye Fuel Cyber Security Coalition (CSC), which brings together security and infrastructure vendors to create an ecosystem to better protect customers. This FireEye-led initiative creates integrations to rapidly protect joint customers, assisting enterprises block advanced attacks.
The Cyber Security Coalition creates a foundation to facilitate the sharing of intelligence and advanced workflows, enabling partners to better leverage and operationalize the FireEye platform. CSC partners can also leverage FireEye Community Threat Intelligence™ (CTI™), a standards compliant solution that enables organizations to bi-directionally share threat intelligence.
FireEye provides CSC partners with real-time threat intelligence that strengthens security and infrastructure products and services. CSC partners can gain access and insight into threat actors such as APT1, APT 28 and FIN4, in addition to the broad array of FireEye intelligence, to assist enterprises more effectively shield data and intellectual property.
FireEye, Inc., together with its auxiliaries, provides cybersecurity solutions for detecting, preventing, and resolving cyber-attacks. The company offers vector-specific appliance solutions that provide threat protection from network to endpoint for inbound and outbound network traffic that may contain sensitive information.
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