Items Tagged with 'Radian Group Inc.'

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  • Radian selects Clifford Rossi as chief economist

    Will also serve as senior vice president
    In this position, Rossi will have responsibility over Radian’s research, forecasts, quantitative analysis and financial modeling of the company’s mortgage insurance portfolio, as well as the housing and mortgage markets.
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  • Radian profits soar, announces Clayton acquisition

    Income booms in the fourth quarter

    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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  • Moody's Slashes Mortgage Insurers

    Moody's Investors Service announced on Friday sweeping downgrades among top U.S. mortgage insurers as delinquencies and foreclosures remain at historic high levels and the capital of these institutions is challenged.
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  • Radian Wows, Posts Q3 Profit

    Radian Group Inc. [stock RDN][/stock] stunned analysts and investors Wednesday by posting a third quarter profit of $36.7 million, or $.46/share, reversing a year-ago loss of $703.9 million, or $8.82/share. Analysts had expected a huge loss; shares jumped more than 35 percent in afternoon trading, despite a broader drop in benchmark financial indices.
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  • Mortgage Insurers Taking Active Role in Education, Loss Mitigation

    As the mortgage insurance business reels from a growing number of borrower defaults -- a trend that has cost many insurers their previously-strong financial strength ratings -- some of the nation's larger insurers have begun taking active and aggressive steps to mitigate risk and work directly with borrowers and servicers.
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  • At Radian, Loss Provisions Sink Q2 Results

    Radian Group Inc. [stock RDN][/stock] posted a $392.5 million loss for the second quarter, due largely to a decision to establish a $421.8 million first-lien premium deficiency reserve (think loss provision) tied to its mortgage insurance business. The $4.91 per share loss compared to net income of $21.2 million, or $.26 per share, one year earlier.
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