Articles from Radian Group Inc.

Radian Group Inc. (NYSERDN) today announced that it will hold a conference call on Thursday, February 6, 2025, at 11:00 a.m. Eastern time to discuss the company’s fourth quarter and full year 2024 results, which will be announced after the market closes on Wednesday, February 5, 2025.

Radian Group Inc. (NYSERDN) today announced that Derek Brummer, President, Mortgage Insurance, will retire on July 3, 2025, after 23 years of distinguished service at the company. Sumita Pandit, currently serving as Chief Financial Officer, will assume the role of Radian President and Chief Financial Officer upon Brummer’s retirement. In her new role, Pandit will assume responsibility for overseeing all aspects of Radian’s mortgage insurance business in addition to her current responsibilities as Chief Financial Officer.

Radian Group Inc. (NYSERDN) today announced that DBRS, Inc. (Morningstar DBRS) deems Radian Real Estate Management as an acceptable due diligence firm for business purpose loans and single-family rental Morningstar DBRS-rated residential mortgage-backed securities (RMBS) transactions.

Radian Group Inc. (NYSERDN) announced today that the company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.245 per share, payable December 10, 2024, to stockholders of record as of November 25, 2024.

Radian Group Inc. (NYSERDN) today reported net income for the quarter ended September 30, 2024, of $152 million, or $0.99 per diluted share. This compares with net income for the quarter ended September 30, 2023, of $157 million, or $0.98 per diluted share.

Radian Group Inc. (NYSERDN) today announced that its annual “Opens Doors Opens Hearts” fundraising campaign achieved an all-time record of nearly $475,000 to benefit the MBA Opens Doors Foundation, which provides mortgage and rental assistance to families caring for a critically ill or injured child.

Radian Group Inc. (NYSERDN) today announced that it will hold a conference call on Thursday, November 7, 2024, at 10:00 a.m. Eastern time to discuss the company’s third quarter 2024 results, which will be announced after the market closes on Wednesday, November 6, 2024.

Radian Guaranty Inc., the principal mortgage insurance subsidiary of Radian Group Inc. (NYSERDN), announced that updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs) that were issued today by Fannie Mae and Freddie Mac (PMIERs Updates), are not expected to have a material impact on Radian Guaranty’s capital position or PMIERs cushion. In addition, given the limited expected impact, the Company does not believe the PMIERs Updates will require Radian Guaranty to adjust its investment portfolio asset allocation. Instead, the Company expects that any future changes to Radian Guaranty’s investment portfolio will continue to be made in the ordinary course in pursuit of the Company’s investment return objectives.

Radian Group Inc. (NYSERDN) announced today that the company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.245 per share, payable September 11, 2024, to stockholders of record as of August 26, 2024.

Radian Group Inc. (NYSERDN) today reported net income for the quarter ended June 30, 2024, of $152 million, or $0.98 per diluted share. This compares with net income for the quarter ended June 30, 2023, of $146 million, or $0.91 per diluted share.

Radian Group Inc. (NYSERDN) today announced that its mortgage conduit, Radian Mortgage Capital LLC (RMC), has closed its inaugural prime jumbo securitization, Radian Mortgage Capital 2024-J1.

Radian Group Inc. (NYSERDN), announced today that FIZBER, the leading self-directed residential real estate marketplace, has teamed up with Radian Settlement Services to provide its userbase of for sale by owner (FSBO) home sellers with access to Radian’s innovative digital title and home closing platform, titlegenius by Radian.

Radian Group Inc. (NYSERDN) today announced that it will hold a conference call on Thursday, August 1, 2024 at 12:00 p.m. Eastern time to discuss the company’s second quarter 2024 results, which will be announced after the market closes on Wednesday, July 31, 2024.

Radian Group Inc. (NYSERDN), announced today that the real estate data and technology company BatchService has teamed up with Radian Settlement Services to provide BatchService’s community of real estate investors and other customers with access to its innovative digital title and home closing platform, titlegenius.

Radian Group Inc. (NYSERDN) announced today that its stockholders re-elected all eleven of the company’s directors, who serve one-year terms and are elected annually. As previously disclosed, Gaetano (Guy) J. Muzio, a director of the company since 2012, retired at the end of his current term following today’s 2024 Annual Meeting. Muzio’s retirement comes after a successful tenure where he played a key role in solidifying Radian’s position as a leader in the mortgage and real estate industries.

Radian Group Inc. (NYSERDN) announced its Board of Directors has approved an increase in its existing share repurchase program from $300 million to $900 million and a program extension to June 30, 2026.

Radian Group Inc. (NYSERDN) today reported net income for the quarter ended March 31, 2024, of $152 million, or $0.98 per diluted share. This compares with net income for the quarter ended March 31, 2023, of $158 million, or $0.98 per diluted share.

Radian Group Inc. (NYSERDN) today announced that it will hold a conference call on Thursday, May 2, 2024 at 12:00 p.m. Eastern time to discuss the company’s first quarter 2024 results, which will be announced after the market closes on Wednesday, May 1, 2024.

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., announced today that lenders can now order Radian MI for delegated loans on the MI technology platform PMI Rate Pro. The offering will seamlessly integrate with Radian’s ongoing presence on the PMI Rate Pro price comparison tool.

Radian Group Inc. (NYSERDN) announced today that the redemption price of the Radian Group Inc. 6.625% Senior Notes due 2025 (CUSIP Number 750236AX9) (the “Notes”) will be 100.396 percent of the principal amount of Notes outstanding plus accrued and unpaid interest up to, but excluding, the redemption date. The principal amount of the Notes outstanding is $525,000,000, the aggregate redemption amount due is $527,079,000, and the accrued and unpaid interest is $386,458.33. The Notes will be redeemed in full, and on and after March 19, 2024, interest on the Notes will cease to accrue, and all rights of the holders of the Notes, except the right to receive the redemption price, will cease. Payment will be made to holders of the Notes on March 19, 2024, only upon presentation and surrender of the Notes to U.S. Bank Trust Company, National Association for cancellation.

Radian Group Inc. (NYSERDN), announced today that SOLD.com, the leading online real estate marketplace and educational resource provider, has teamed up with titlegenius by Radian to provide SOLD.com’s customers and network of more than 60,000 real estate agents with a transparent, secure, and streamlined title and home closing solution. SOLD.com users can now get instant title quotes, generate seller net sheets, open orders and track status updates in one place without leaving the SOLD.com experience.

Radian Group Inc. (NYSERDN) announced today that it has priced its public offering (the “Offering”) of $625 million aggregate principal amount of senior unsecured notes due 2029 (the “Notes”). The Offering is expected to close on March 4, 2024, subject to customary closing conditions.

Radian Group Inc. (NYSERDN) announced today its plans to continue the return of capital to stockholders through an increased quarterly dividend. The company’s Board of Directors approved a quarterly dividend of $0.245 per share, an increase of 9 percent from the previous quarterly dividend. The dividend is payable on March 12, 2024, to stockholders of record as of February 26, 2024. This is the fifth consecutive year the company has increased the quarterly dividend, with a total increase of 96 percent over the past four years.

Radian Group Inc. (NYSERDN) today reported net income for the quarter ended December 31, 2023, of $143 million, or $0.91 per diluted share. This compares with net income for the quarter ended December 31, 2022, of $162 million, or $1.01 per diluted share.

Radian Group Inc. (NYSERDN), announced today that it has made a strategic investment in FinLocker, a personal financial fitness and homeownership tool. By leveraging advanced technology, FinLocker aggregates and analyzes a consumer’s financial data, offering personalized paths to mortgage eligibility and other financial transactions. Terms of the investment were not disclosed.

Radian Group Inc. (NYSERDN), announced today that S&P Global Ratings (S&P) has raised its long-term insurer financial strength and issuer credit ratings on Radian Guaranty Inc., the company’s principal mortgage insurance subsidiary, to A- from BBB+. At the same time, S&P raised its long-term issuer credit rating on Radian Group Inc. to BBB- from BB+. The outlook for both ratings is stable.

Radian Group Inc. (NYSERDN) today announced that it has scored 90 out of 100 on the Human Rights Campaign Foundation’s 2023 -2024 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.

Radian Group Inc. (NYSERDN) today announced that its annual “Opens Doors Opens Hearts” fundraising campaign generated $216,090 to benefit the MBA Opens Doors Foundation, which provides mortgage and rental assistance to those caring for a critically ill or injured child.

Radian Group Inc. (NYSERDN) announced today that the company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.225 per share, payable December 12, 2023, to stockholders of record as of November 27, 2023.

Radian Group Inc. (NYSERDN) has been honored by the Mortgage Bankers Association (MBA) as a recipient of its 2023 Diversity and Inclusion Residential Leadership Award. Radian received the award for Organizational Diversity & Inclusion in the non-lender category. The MBA is the leading real estate finance trade association and has more than 2,200 member companies.

Radian Group Inc. (NYSERDN) today announced that it will hold a conference call on Thursday, November 2, 2023 at 12:00 p.m. Eastern time to discuss the company’s third quarter 2023 results, which will be announced after the market closes on Wednesday, November 1, 2023.

Radian Group Inc. (NYSERDN) today announced that its wholly owned subsidiary, Radian Guaranty Inc. has obtained $353 million of fully collateralized excess of loss reinsurance coverage from Eagle Re 2023-1 Ltd. (Eagle Re). The excess of loss reinsurance covers eligible mortgage insurance policies written by Radian Guaranty from April 1 to December 31, 2022. Eagle Re is a newly formed Bermuda special purpose insurer and is not a subsidiary or affiliate of Radian Guaranty.

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSERDN), announced today that Radian MI is now available through Vesta's Loan Origination System (LOS).

Radian Group Inc. (NYSERDN) announced today that the company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.225 per share, payable September 6, 2023, to stockholders of record as of August 21, 2023.

Radian Group Inc. (NYSERDN) today announced that Anne Leyden has been appointed to serve on its Board of Directors. Anne is a senior human capital management executive with broad consumer and business-to-business leadership experience in the financial services and consumer credit sectors.

Radian Group Inc. (NYSERDN) today reported net income for the quarter ended June 30, 2023, of $146 million, or $0.91 per diluted share. This compares with net income for the quarter ended June 30, 2022, of $201 million, or $1.15 per diluted share.

Radian Group Inc. (NYSERDN) today announced that it will hold a conference call on Thursday, August 3, 2023 at 12:00 p.m. Eastern time to discuss the company’s second quarter 2023 results, which will be announced after the market closes on Wednesday, August 2, 2023.

Radian Group Inc. (NYSERDN) will host an Investor Day today, Tuesday, June 20, 2023, from 9:00 a.m. to 2:00 p.m. EDT and ring the Closing Bell at the New York Stock Exchange in New York City. The company’s senior leaders will provide details on Radian’s business strategy, priorities, key business and product initiatives and financial metrics. The event will be broadcast live over the Internet at https://www.radian.com/who-we-are/for-investors/webcasts.

Radian Group Inc. (NYSERDN) today announced that Sumita Pandit has been named Senior Executive Vice President and Chief Financial Officer (CFO), effective immediately. She succeeds J. Franklin Hall in this role, who served as CFO until December 2022.

Radian Group Inc. (NYSERDN) announced today that its stockholders re-elected all eleven of the company’s directors, who serve one-year terms and are elected annually.

Radian Group Inc. (NYSERDN) today reported net income for the quarter ended March 31, 2023, of $158 million, or $0.98 per diluted share. This compares with net income for the quarter ended March 31, 2022, of $181 million, or $1.01 per diluted share.

Radian Group Inc. (NYSERDN) today announced that it will host an Investor Day on Tuesday, June 20, 2023 beginning at 9:00 a.m. Eastern time at the New York Stock Exchange in New York City. The company’s senior leaders will provide details on Radian’s business strategy, priorities, key business and product initiatives and financial metrics.

Radian Group Inc. (NYSERDN) today announced that it will hold a conference call on Thursday, May 4, 2023 at 12:00 p.m. Eastern time to discuss the company’s first quarter 2023 results, which will be announced after the market closes on Wednesday, May 3, 2023.

Radian Group Inc. (NYSERDN) today announced that Sumita Pandit has been appointed Senior Executive Vice President and Chief Growth Officer effective March 6, 2023. Reporting to Radian’s Chief Executive Officer Rick Thornberry, she will join the company’s executive leadership team and lead activities associated with developing and implementing the company’s long-term strategic growth plans.

Radian Group Inc. (NYSERDN) announced today its plans to continue the return of capital to stockholders through an increased quarterly dividend. The company’s Board of Directors approved a quarterly dividend of $0.225 per share, an increase of 12.5 percent from the previous quarterly dividend. The dividend is payable on March 15, 2023 to stockholders of record as of February 27, 2023. This is the fourth consecutive year the company has increased the quarterly dividend, with a total increase of 80 percent over the past three years.

Radian Group Inc. (NYSERDN) today announced that Fawad Ahmad has been appointed to serve on its Board of Directors. Ahmad is a highly respected technology leader and insurance executive who has led transformational digital initiatives at several industry-leading companies delivering digital, data and analytics innovation across the high-tech, e-commerce, retail, and insurance industries.

Radian Group Inc. (NYSERDN) today reported net income for the quarter ended December 31, 2022, of $162.3 million, or $1.01 per diluted share. This compares with net income for the quarter ended December 31, 2021, of $193.4 million, or $1.07 per diluted share.

Radian Group Inc. (NYSERDN) today announced that it has been selected for the 2023 Bloomberg Gender-Equality Index (GEI), a global index of public companies committed to supporting gender equality through policy development, representation and transparency.

Radian Group Inc. (NYSERDN) announced today a series of capital actions to enhance financial flexibility that were completed as of year-end 2022. As a result of the favorable impact of these actions and Radian’s financial outlook, the company expects Radian Guaranty Inc., the company’s flagship mortgage insurance subsidiary, to begin paying recurring ordinary dividends to Radian Group with 2023 ordinary dividends projected to be between $300 to $400 million and ordinary dividends in future years expected to approximate Radian Guaranty’s ongoing statutory earnings. In addition, the Board of Directors of Radian Group has approved a new share repurchase program of $300 million over two years. Radian will hold a conference call on Thursday, February 9, 2023, to discuss these items and other highlights from the company’s fourth quarter and year-end 2022 financial results.

Radian Group Inc. (NYSERDN) today released its inaugural Diversity, Equity and Inclusion (DEI) Annual Report, which provides an in-depth review of the organization’s DEI strategy, practices and reporting metrics as of the end of 2021, as well as its plan to build upon progress in the years to come.

Radian Group Inc. (NYSERDN) today announced its 2022 “Opens Doors Opens Hearts” fundraising campaign generated $154,580 to benefit the MBA Opens Doors Foundation. The annual fundraising initiative hosted by Radian is designed to create awareness and drive donations for the foundation’s Home Grant Program, which provides mortgage and rental assistance to those caring for a critically ill or injured child.

Radian Group Inc. (NYSERDN) announced today that the company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.20 per share, payable December 2, 2022, to stockholders of record as of November 21, 2022.

Radian Group Inc. (NYSERDN) today reported net income for the quarter ended September 30, 2022, of $198.3 million, or $1.20 per diluted share. This compares with net income for the quarter ended September 30, 2021, of $126.4 million, or $0.67 per diluted share.

Radian Group Inc. (NYSERDN) today announced that it has been named a Champion of Board Diversity for the second year in a row by the Forum of Executive Women, a leading organization focused on the advancement of women in the Greater Philadelphia business community. The organization’s annual Champions of Board Diversity list recognizes major Philadelphia-area companies that have 30 percent or greater female representation on their boards of directors.

Radian Group Inc. (NYSERDN) today announced that the MBA Opens Doors Foundation has named Radian Chief Executive Officer Rick Thornberry as its 2022 MBA Opens Doors Community Champion. The annual award recognizes an individual, group or company for their outstanding work in support of the Opens Doors Foundation’s mission.

Radian Group Inc. (NYSERDN) today announced that it will hold a conference call on Thursday, November 3, 2022 at 12:00 p.m. Eastern time to discuss the company’s third quarter 2022 results, which will be announced after the market closes on Wednesday, November 2, 2022.

Radian Group Inc. (NYSERDN) announced today that the company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.20 per share, payable September 1, 2022, to stockholders of record as of August 22, 2022.

Radian Group Inc. (NYSERDN) today reported net income for the quarter ended June 30, 2022, of $201.2 million, or $1.15 per diluted share. This compares with net income for the quarter ended June 30, 2021, of $155.2 million, or $0.80 per diluted share.

Radian Group Inc. (NYSERDN) today announced that it will hold a conference call on Tuesday, August 2, 2022 at 10:00 a.m. Eastern time to discuss the company’s second quarter 2022 results, which will be announced after the market closes on Monday, August 1, 2022.

Radian Group Inc. (NYSERDN) announced the launch of Radian Mortgage Capital LLC (RMC), a mortgage conduit formed to provide residential mortgage lenders with an additional secondary-market option for high-quality loans and to provide mortgage investors with a trusted, high-quality sponsor. Consistent with Radian’s stated strategy, RMC expands the company’s capabilities to participate in the mortgage market to aggregate, manage and distribute residential mortgage credit risk.

Radian Group Inc. (NYSERDN) announced today that its stockholders re-elected all ten of the company’s directors, who serve one-year terms and are elected annually.

Home prices across the United States rose in the first three months of the year at an annualized rate of 12.8 percent, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSERDN). The company believes the Radian HPI is the most comprehensive and timely measure of U.S. housing market prices and conditions.

Radian Group Inc. (NYSERDN) today reported net income for the quarter ended March 31, 2022, of $181.1 million, or $1.01 per diluted share. This compares with net income for the quarter ended March 31, 2021, of $125.6 million, or $0.64 per diluted share.

Radian Group Inc. (NYSERDN) today announced that it will hold a conference call on Wednesday, May 4, 2022 at 10:00 a.m. Eastern time to discuss the company’s first quarter 2022 results, which will be announced after the market closes on Tuesday, May 3, 2022.

In February, home prices across the United States rose at a slower pace than the month prior (January 2022) but continued to appreciate at higher rates than the year earlier (February 2021). According to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSERDN), home prices nationally rose from the end of January 2022 to the end of February 2022 at an annualized rate of +11.3 percent. The company believes the Radian HPI is the most comprehensive and timely measure of U.S. housing market prices and conditions.

Radian Group Inc. (NYSERDN) today reported net income for the quarter ended December 31, 2021, of $193.4 million, or $1.07 per diluted share. This compares with net income for the quarter ended December 31, 2020, of $148.0 million, or $0.76 per diluted share.

Radian Group Inc. (NYSERDN) announced today its plans to return capital to stockholders through an increased quarterly dividend and a new share repurchase authorization. These strategic capital actions are based on the company’s strong financial position and capital flexibility.

Radian Group Inc. (NYSERDN) today announced that it has scored 85 out of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.

According to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSERDN), home prices nationally rose from the end of November 2021 to the end of December 2021 at an annualized rate of 15.9 percent, and December 2021 marked the tenth consecutive month in which month-over-month home prices rose more than 10 percent on an annualized basis. The company believes the Radian HPI is the most comprehensive and timely measure of U.S. housing market prices and conditions.

Radian Group Inc. (NYSERDN) today announced that it has been selected for the 2022 Bloomberg Gender-Equality Index (GEI), a global index of public companies committed to supporting gender equality through policy development, representation and transparency.

Radian Group Inc. (NYSERDN) today announced that it will hold a conference call on Wednesday, February 23, 2022 at 10:00 a.m. Eastern time to discuss the company’s fourth quarter and year-end 2021 results, which will be announced after the market closes on Tuesday, February 22, 2022.

Radian Group Inc. (NYSERDN) today announced that its Chief Executive Officer Rick Thornberry has joined the Board of Directors of the Mortgage Bankers Association (MBA) Opens Doors Foundation, which helps families with critically ill or injured children afford their rent or mortgage payments while their children are in treatment. Radian is a longstanding supporter of the Opens Doors Foundation and other charitable causes, and each year backs a range of nonprofits through charitable contributions, a matching gifts program for employees, fundraising drives and community-based volunteer work.

In November, home prices across the United States rose at a slower pace than the month prior (October 2021) but continued to appreciate at higher than 2021 average monthly rates. According to the Radian Home Price Index (HPI) released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSERDN), home prices nationally rose from the end of October 2021 to the end of November 2021 at an annualized rate of +17.1 percent. The company believes the Radian HPI is the most comprehensive and timely measure of U.S. housing market prices and conditions.

In a repeat of the 2020 experience, after a very strong third quarter, home prices across the United States continued to climb in October albeit at a slower pace than in September. Radian HPI rose at an annualized rate of 17.3 percent in the month of October, slightly below the 17.6 percent recorded in the prior month, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSERDN). The company believes the Radian HPI is the most comprehensive and timely measure of U.S. housing market prices and conditions available in the market today.

Radian Group Inc. (NYSERDN) announced today that the company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.14 per share, payable December 3, 2021, to stockholders of record as of November 22, 2021.