Market Watch (Free subscription) | 07/21/2009
SAN FRANCISCO (MarketWatch) -- Radian Group Inc. said Tuesday that its subsidiary, Radian Asset Assurance, entered into a Commutation and Release Agreement with Ambac Assurance Corp. and Ambac Assurance UK Ltd. on July 20 to commute $9.8 billion of Radian Asset's reinsurance portfolio assumed from Ambac . The agreement, effective as of July 1, provides for Radian Asset to make a $100 million settlement...
Financial24 (Free subscription) | 02/24/2009
updated 22:31:57 U.S. mortgage and bond insurer Radian Group Inc posted a quarterly loss hit by rising defaults, but shares soared on rising expectations of a possible federal aid for the beleaguer read more .....
Calculated Risk (Free subscription) | 02/17/2009
Tanta used to joke "It's not a real estate bust until a mortgage insurer goes down". Of course Triad went down last year ... From the WSJ: Moody's Slashes Ratings on Mortgage Insurers (ht Shnaps) Ratings on MGIC Investment Corp. and Radian Group Inc. were cut Friday several notches to junk status because of what Moody's called deterioration in their franchise value, the likelihood of sustained...
Financial24 (Free subscription) | 02/14/2009
Radian Group Inc: * Reaffirms capital position; comments on Moody's rating action * Says still expects mortgage insurance business to have sufficient capital and liquidity to pay all claims, and co read more .....
The Earth Times Online Newspaper (Free subscription) | 02/14/2009
Liquidity and Cash Reserves to Pay All Expected Future Claims in the MI Business for the Next 3 Years PHILADELPHIA, Feb. 13 -- Radian Group Inc. (NYSE: RDN) today confirmed its expectation that its mortgage insuran...
Videos