Items Tagged with 'Radian'


Radian CEO S.A. Ibrahim announces plans to retire

Will serve through end of contract on December 2017
Radian Group, which offers private mortgage insurance, risk management products and real estate services to financial institutions, will soon be looking for a new chief executive officer, as the company’s current CEO, S.A. Ibrahim, announced that he plans to retire next year.
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Here's why Radian's 1Q revenue beat expectations

New mortgage insurance written drops to $8.1B
It was a strong quarter for mortgage insurer Radian. The company beat revenue expectations and was in-line with earnings per share expectations. Here’s how the company fared along with their reason behind the positive quarter.
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Radian launches homebuyer education website for consumers

Mortgage insurer provides information for buyers, sellers
It’s no surprise that various entities maintain homebuyer education tools available for consumers, including the Consumer Financial Protection Bureau, Fannie Mae, the Mortgage Bankers Association, and others. But a new homebuyer education tool is coming, from another source – a private mortgage insurer.
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Clayton names Jeff Tennyson interim president after D'Urso departs

Effective immediately
In light of the immediate departure of Clayton's former president Joe D'Urso, the company announced that Jeff Tennyson will serve as interim president of Clayton Holdings. Tennyson joined the company in February 2015 as chief operating officer and brings more than 30 years of experience in the financial services industry to the position.
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From HW Magazine

What's driving mortgage lending behavior?

Mortgage data suggests compliance costs and repurchase risk play a part
That lenders may be holding back a bit is not surprising as lessons from behavioral finance studies suggest that individuals tend to weight recent experience more than the past. Applied to the mortgage business and compounded by rising compliance costs, recent experience with heavy credit losses of the crisis could be dampening management enthusiasm for credit expansion in an otherwise expanding, albeit tepid economy.
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Radian earns $70 million in third quarter

Mortgage insurance business steady
Mortgage insurance at the company remains steady. New mortgage insurance written was $11.2 billion for the quarter, compared to $11.8 billion in the second quarter of 2015 and $11.2 billion in the prior-year quarter.
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Clayton Holdings acquires title agency and AMC ValuAmerica

Expands Clayton's scope of title and valuation
In its latest venture in the industry, Clayton Holdings, a provider of loan due diligence and services to the mortgage and real estate industries, announced it acquired ValuAmerica, national title agency, appraisal management company and technology provider.
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Radian expands job-loss mortgage insurance program

Now available for all LTV ratios
Good news for borrowers at Radian Guaranty thanks to the "overwhelmingly enthusiastic feedback” for a new program. The company announced an expansion of its MortgageAssure mortgage insurance program, which will pay a borrower’s mortgage if they suffer an involuntary job loss and fall behind on their mortgage payments for up to six months.
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