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Market Watch (Free subscription) | 18/09/2008
SAN FRANCISCO (MarketWatch) -- Radian Group Inc. said late Thursday it completed the component of its capital plan that provides non-dilutive capital support to its mortgage insurance business. Radian also said it increased its stake in Sherman Financial to about 29% from 22%, and that it received $19.5 million in dividends from Sherman in the first half of 2008. "We reiterate our commitment to our...
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Market Watch (Free subscription) | 10/09/2008
NEW YORK (MarketWatch) -- Credit risk management company Radian Group Inc. said Wednesday it will continue to insure loans for Freddie Mac and Fannie Mae after the government bailout earlier this week. "We believe these changes will allow [Freddie and Fannie] to continue to provide liquidity to the housing market and to contribute in moving this market towards recovery," said Radian in a statement....
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Market Watch (Free subscription) | 25/08/2008
BOSTON (MarketWatch) -- Shares of mortgage and bond insurers rose Monday, following Freddie Mac higher after the struggling mortgage giant saw strong demand for a $2 billion debt auction. PMI Group Inc. rose 8%, Radian Group Inc. added 5%, Ambac Financial Group Inc. gained 4% and MBIA Inc. rose 3%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com...
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Market Watch (Free subscription) | 20/08/2008
BOSTON (MarketWatch) -- Shares of mortgage and bond insurers traded lower early Wednesday as worries over the troubled credit and housing markets continued to grip markets. Shares of Radian Group Inc. fell sharply, losing about 15% in early trade. Elsewhere, MBIA Inc. , MGIC Investment Corp. and PMI Group Inc. all shed about 10%, and Ambac Financial Group Inc. lost 5%. Also, mortgage giants Fannie...
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Market Watch (Free subscription) | 14/08/2008
NEW YORK (MarketWatch) -- Mortgage insurer PMI Group surged almost 50% early Thursday after it said it had reached a deal to sell its Australian assets, as the broader sector inched up slightly at the open. Rival MGIC Investment Corp. shares gained over 5%, while Radian Group rose over 10%. Bond insurers MBIA and Ambac Financial Group also gained, as their shares rose more than 4% at the open. Both...
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Philadelphia Inquirer (Free subscription) | 12/08/2008
Radian Group Inc. said yesterday that it expected to face claims on 14 percent of the first mortgages it has insured, far above its previous high of 8 percent during the oil-patch housing bust of the mid-1980s.
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GuruFocus Updates (Free subscription) | 12/08/2008
Value investor Richard Snow buys Broadcom Corp., ICx Technologies Inc., sells Asset Acceptance Capital Corp., The Ryland Group Inc., Radian Group Inc., Pilgrim's Pride Corp., Possis Medical Inc., IngersollRand Company Ltd., The First Marblehead Corp., D.R. Horton Inc., Avery Dennison Corp., Alpha Natural Resources Inc., Alliance Data Systems Corp., Tetra Tech Inc. during the 3-months ended 06/30/2008,...
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Market Watch (Free subscription) | 11/08/2008
SAN FRANCISCO (MarketWatch) - Radian Group reported a $392.5 million net loss on Monday, but shares of the mortgage insurer climbed after Chief Executive S.A. Ibrahim said there's no immediate need to raise capital.
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The Philadelphia Business Journal (Free subscription) | 11/08/2008
Radian Group Inc. said Monday that it swung to a $392.5 million loss in the second quarter largely because it established a $421.8 million reserve related to the mortgage meltdown. (RDN)
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Law Blog - WSJ.com (Free subscription) | 11/08/2008
Radian Group swung to a second-quarter loss as the mortgage insurer set aside $369.8 million for future premium-deficiency losses as claims payments in the period were lower than expected.
