Items Tagged with 'Radian'

ARTICLES

  • Radian shakes up sales team to push for more business

    Adds former MBA Chair David Kittle, former FHLB of Des Moines VP Shelly Schwieso
    Private mortgage insurer Radian Group is making some changes to its sales team as it seeks to increase its market share in the mortgage space. Radian, which also offers risk management products and mortgage and real estate services to financial institutions, announced this week that it "reconfigured its sales team to create a unified focus on selling all Radian products and services."
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  • Former Clayton Holdings execs band together to found new due diligence firm

    New Diligence Advisors backed by Ranieri and Oaktree’s Selene Holdings
    Last year, private mortgage insurer Radian Group announced that it was going restructure its services business, which is conducted through its principal subsidiary Clayton Holdings, due to “recent underperformance below expectations.” Now, three former Clayton executives are partnering up to launch a new due diligence firm that will directly compete with Clayton for business.
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  • Former Clayton President Jeff Tennyson lands at Lima One Capital

    Tennyson will serve as CEO of investor-focused lender
    Former Clayton President Jeff Tennyson has found a new home. Last year, Tennyson’s role was eliminated as part of Radian Group’s restructuring of its principal subsidiary Clayton. Now, just a few months after leaving Clayton, Tennyson is moving on to a senior leadership role at Lima One Capital.
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  • Radian continues restructuring; sells European mortgage services business

    Offloads Clayton EuroRisk to unnamed buyer
    Over the last several months, private mortgage insurer Radian Group has undertaken a restructuring effort in its services business, which is conducted through its principal subsidiary Clayton, and Clayton’s subsidiaries: Green River Capital, Red Bell Real Estate and ValuAmerica. On Wednesday, the company announced the latest move in its restructuring efforts.
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  • Radian restructures services business; Jeff Tennyson out as president of Clayton

    Cites “recent underperformance” of mortgage and real estate services segment
    Earlier this year, Radian Group said that it planned to restructure its services business, which is conducted through its subsidiary Clayton, and Clayton’s subsidiaries: Green River Capital, Red Bell Real Estate and ValuAmerica. At the time, the company did not provide any details, but Radian revealed Wednesday just how significant those structural changes are going to be, including the elimination of the position of president of its services business – meaning that Jeff Tennyson is out as president of Clayton.
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  • Hot Seat: Brien McMahon of Radian

    Supporting lenders as they reach minority borrowers
    To best serve our customers, we must have a complete understanding of the housing market. Harvard University’s Joint Center for Housing Studies estimates that nearly 75% of our nation’s household growth over the next decade will come from minority-headed households. As a comparison, as recently as 2012, fewer than 30% of U.S. households were headed by minorities. In addition, the 2015 Home Mortgage Disclosure Act reported that the Asian American/Pacific Islander community is the fastest growing segment of the U.S. population. 
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  • From HW Magazine

    Out of the basement and into a home

    With private mortgage insurance, Millennials don't need 20% down to buy
    For many basement dwellers, renting is not an attractive alternative to buying. That’s because the national rental vacancy rate has been declining for seven straight years. It is now 6.9% nationally, the tightest it’s been in more than thirty years. For professionally managed apartments, the vacancy rate is just 4.4%. As a consequence, rents are rising across the country faster than the inflation rate.
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  • Radian: New mortgage insurance written surges 43% in second quarter

    Restructures services business
    Despite recording a net loss for the second quarter, private mortgage insurer Radian Group managed to report a strong quarter for new mortgage insurance written. According to the company’s financial results, new mortgage insurance written surged 43% from the first quarter of 2017 and 11% from the prior-year quarter.
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  • Data plays a bigger role in the shrinking distressed market

    Investors can accurately assess risk and price accordingly
    [Commentary] Both GSEs still have plenty of legacy NPL and RPL on their books, as do large banks, particularly those with footprints in judicial states. That results in relatively large deals hitting the market: often portfolios of tens of thousands of loans, with unpaid balances of $1 billion to $3 billion. Smaller trades have also remained steady as reperformers get sold and regional banks and other investors manage their balance sheets. And there is still plenty of demand.
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