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At Radian, Loss Provisions Sink Q2 Results 

Aug 11, 2008By

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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