Radian offering to buy back securities Nov 19, 2009
Mortgage insurer said Wednesday that it has initiated three separate offers to buy securities issued by each of the three custodial trusts related to the capital program of its principal financial guaranty subsidiary, Radian Asset Assurance ... Radian (NYSE:RDN) of Philadelphia said it will buy securities for $17,000 per security and will pay an early tender premium of $8,000 (for a total consideration of $25,000) per security for securities tendered at or before Dec. 2. (Philadelphia Business Journal, PA)
Radian loses $70M in 3Q Nov 5, 2009
We are encouraged by Radian's lower-than-expected claims activity again this quarter, and the consistently high-quality, lower-risk mortgage insurance business we added to our book, said Radian CEO S.A. Ibrahim ... Radian (NYSE:RDN) expects delinquencies to continue to rise during the fourth quarter ... For the full-year 2009, Radian has reduced its claims-paid expectations from the $1. (Philadelphia Business Journal, PA)
PHH Corp. makes Selitto president and CEO Oct 27, 2009
Earlier, he launched and helped lead mortgage insurance company Amerin Guaranty Corp. (now Philadelphia-based Radian Guaranty). Jerry Selitto is an innovative leader with a proven ability to drive change in an organization and execute transformational strategies that create value for its stakeholders, said Jim Egan, chairman of the PHH board. (Philadelphia Business Journal, PA)
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)
New eateries taking root in W. Phila. Oct 6, 2009
in the Radian on the 3900 block of Walnut St., will open this fall and have a sports-bar environment similar to its at 1150 Filbert St., near. Taglio, at 3716 Spruce St., opened last month by Marco Lentini, features pasta and pizza by the cut, Italian style. (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)
Public House announces 'Tap House' Jun 3, 2009
In addition to the 7,600-square-foot interior space, the Tap House will have 5,000 square feet of outdoor space, on the terrace level of The Radian apartment building. Other features include a state-of-the-art draft beer system and a rotating rotisserie grill menu. (Philadelphia Business Journal, PA)
New mortgage insurer Essent raises $500M May 28, 2009
The CEO is Mark A. Casale, who previously served as president of Radian Guaranty Inc., Philadelphia-based Radian Corp. s principal mortgage insurance subsidiary. Reader Comments. (Philadelphia Business Journal, PA)
