Fannie Mae explains 6 ways to push borrowers to refi

Senate approves short sale tax break

Allows tax relief on 2014 short sales

Another regulator investigates Ocwen Financial

Ocwen’s terrible, horrible, no good, very bad year just got worse

Items Tagged with 'Radian'


Big claim: Private mortgage insurance saves homeowners up to $12,000

WalletHub highlights stark differences in FHA, private MI
Trey Garrison
With new lending guidelines out from the GSEs, the stark differences between FHA and private mortgage insurance is all the more evident. Here's how much it costs.
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Radian: Mortgage delinquencies dropping

Book of new business increases
Jacob Gaffney
The news comes as no surprise as Monday Morning Cup of Coffee notes a Bank of America Merrill Lynch report finds business at the Federal Housing Administration, the government-backed mortgage insurance provider, is collapsing for various reasons.
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Goldman hired for Radian Asset selloff

Pending private mortgage insurance rules speed up process
Brena Swanson
Radian hired Goldman Sachs to evaluate interest in its financial guaranty business Radian Asset, according to Radian. The company has been in the runoff since 2008.
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FHFA's PMI changes will burden legacy companies but not newer entrants

MGIC, Radian, Genworth hit hardest
The Federal Housing Finance Agency's proposed revision of private mortgage insurance requirements will be a burden for legacy companies, but not so much for newer PMI industry entrants, a note to clients from Compass Point Trading & Research says.
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4 quick reactions to FHFA mortgage insurer liquidity plan

Regulators want proof insurers can pay claims
Jacob Gaffney
The Federal Housing Finance Agency wants private insurers to show proof they can cover losses on defaulted mortgages, even in adverse economic times. It didn't take long to get a response from Fannie, Freddie, Radian and National MI.
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Mortgage insurer Radian reports dropping delinquencies

Brena Swanson
Mortgager insurer Radian wrote $2.97 billion in new primary mortgage insurance in May 2014, as delinquencies fell to 50,212 by the end of the month.
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Radian profits soar, announces Clayton acquisition

Income booms in the fourth quarter
Ben Lane

The company reported a net income of $203 million or $0.94 per diluted share in the first quarter of 2014, up from $36.4 million last quarter. That represents a massive growth from the company’s first quarter earnings last year when the company reported a loss of $187.5 million, or $1.30 per diluted share. The good news didn’t stop there for Radian. The company also announced the acquisition of Clayton Holdings, a due diligence firm. Radian will pay $305 million to purchase the company. Radian will repay all of Clayton’s outstanding debt as part of the purchase agreement.

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From HW Magazine

Radian: Back from the brink

Will the mortgage insurer falter in a crowded space and as housing loses momentum?
Mortgage insurance has always been an interesting sector for investors -- and at times, a maddening one to understand. Yet, at the core, mortgage and related insurers are driven by a simple dynamic: how much revenue they can generate off of policy underwriting and premiums, and the loss experience they face against those same policies.
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Private mortgage insurers start new trade group

Dedicate themselves to the return of private capital
Jacob Gaffney
The United States Mortgage Insurers will be backed by private capital that "enables access to housing finance for borrowers while protecting taxpayers," executives said in an email.
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Good news: Radian reports drop in delinquent mortgages

Bad news: Fewer mortgages to insure in the first place
Jacob Gaffney
The bad news is there are fewer mortgages to insure as the purchase mortgage origination business continues to lag. And it will likely keep getting worse as long as this keeps up.
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