Items Tagged with 'Phaser'


  • Radian Profits Soar, Q209 Underwriting Strengthens

    Philadelphia-based mortgage insurer Radian Group [stock RDN][/stock] earned $231.9m ($2.82 per share) in Q209, up from a loss of $392.5m in Q208. Mortgage insurance claims of $167.7m were lower than projections. However, Radian said it expects to pay between $275 and $300m in claims during Q309. Radian said government programs to stem foreclosures are helping Radian’s bottom line.
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  • Fitch Withdraws Ratings on Radian

    In the literary world, it's called the denouement -- the series of events that serve to wrap up a dramatic turn or climax of a story. After a public row with Radian Group Inc. [stock RDN][/stock] late last year over a ratings downgrade that the mortgage insurer didn't feel was appropriate, Fitch Ratings said Friday that it had withdrawn its ratings of the company and its subsidiaries.
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  • MGIC, Radian Terminate Merger Agreement

    MGIC Investment Corporation and Radian Group Inc. said in joint statements today that they have abandoned a previously-announced merger of the two mortgage insurance giants. The merger, first announced in February, would have formed one of the nation's largest mortgage and credit risk insurance conglomerates.
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  • MGIC, Radian Merger In Doubt

    Earlier in the week, MGIC Investment Corp. said it believed it was no longer obligated to complete its pending merger with Radian Group Inc., in light of the previously-announced impairment of investments by both Radian and MGIC in Credit-Based Asset Servicing and Securitization (C-BASS):
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