Dow Jones industrial average breaks 10,000 Oct 15, 2009
At market close, mortgage insurer Radian Group (NYSE:RDN) saw its stock price up 7. 11 percent at $8. (Philadelphia Business Journal, PA)
Buzz Kill: Data Dent Stocks Aug 6, 2009
Radian Group (RDN) surged more than 80% after the mortgage insurer shocked Wall Street with a second-quarter profit and revenue Encouraged by the Obama Administrations housing rescue program, Radian also lowered its 2009 claims forecast, lifting rivals MGIC Investment (MTG) and PMI Group (PMI). Devon Energy (DVN) saw its earnings plunge by 76% last quarter on lower commodity prices, but the oil and natural gas driller still easily beat analysts estimates with an adjusted-profit of 85 cents... (Fox News)
Defaults on Insured Mortgages Rise Aug 4, 2009
Trade group members include: American International Group s United Guaranty Corp., Genworth Financial Inc., MGIC Investment Corp., Old Republic International Corp., PMI Group Inc., and Radian Group Inc.. Source: Reuters News (07/31/2009). (Realtor Magazine Online)
The following is an investment opinion release issued by Pennystockchaser.com Jun 25, 2009
Also News Release (U-RDN) Radian Group Inc ... Radian Group Inc (NYSE: ) up 15% trading at $2. (PR Newswire)
HOUSING: Banks struggle as mortgage insurers up claim denials Mar 1, 2009
"What we have seen over the last year, without question, is an increase in nonpayment or rescission rate because of fraud, and also because of underwriting mistakes," said Rick Gillespie, senior vice president of communications at the Philadelphia-based Radian Group, one of the nation's largest mortgage insurance companies ... To make sure their insurance policies don't pay out on fraudulent loans, Gillespie said Radian Group has hired more staff to the company's investigation and loss... (North County Times)
Radian Reaffirms Capital Position; Comments on Moody's Rating Action Feb 14, 2009
PHILADELPHIA, Feb. 13 /PRNewswire-FirstCall/ -- Radian Group Inc. (NYSE: ) today confirmed its expectation that its mortgage insurance business will have sufficient capital and liquidity to pay all anticipated claims, maintain a strong market position and continue to write new mortgage insurance business throughout 2009 ... Radian Group Inc. (NYSE: ), headquartered in Philadelphia, provides private mortgage insurance and related risk management products and services to mortgage lenders... (PR Newswire)
