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.