Shares of mortgage insurers mostly rose Thursday, as the Treasury Department weighs new plans to revive the sagging housing market, including potentially lowering mortgage rates.
Radian Group Inc. announced today that C. Robert Quint, executive vice president and chief financial officer, will be presenting at the Friedman, Billings, Ramsey Capital Markets Fall Investor Conference, which is being held at the Grand Hyatt New York in New York City on Wednesday, December 3, 2008 at 10:45 a.m.
Radian Group Inc. announced today that the company's Board of Directors approved a quarterly dividend on its common stock in the amount of $0.0025 per share, payable on December 26, 2008, to stockholders of record as of November 24, 2008.
PHILADELPHIA, Nov. 25 /PRNewswire-FirstCall/ -- Radian Group Inc. (NYSE: RDN) announced today that C. Robert Quint, executive vice president and chief financial officer, will be presenting at the
PHILADELPHIA, Nov. 12 /PRNewswire-FirstCall/ -- Radian Group Inc. (NYSE: RDN) announced today that the company's Board of Directors approved a quarterly dividend on its common stock in the amount of
We recently wrote about Mortgage Finance companies as potential targets for some major upside. We screened all the companies in the sector looking for potential buy candidates and came away with one: Radian Group (RDN).
Radian Group is a leading provider of credit enhancement for the global financial and capital markets. RDN evaluates credit risk, provides products and services in mortgage insurance, public finance, structured finance, reinsurance and other financial services help clients and investors manage risk.
Obama wins, futures move lower. European markets and U.S. futures traded lower overnight (see data below) as investors, perhaps, emerged from their election-induced elation and began thinking about the mess President-elect Barack Obama will inherit. Still, analysts at BNP Paribas were optimistic about the leadership change: "Obama has strong personal, political and institutional assets... his program is relatively well adapted to America's needs, in the fields of energy, healthcare, social cohesion and competitiveness." UBS analysts said winners of an Obama victory would be hospitals and nursing-home operators, life-sciences, natural gas firms, solar...
In my last article I said that financial insurers could very well be the subject for another piece about financial conundrums. In fact, the conundrum here is very well explained by the unfair behavior of some folks who were shorting those securities, helped by the usual behavior of the mainstream media (a megaphone for the strongest screaming at any given time).
Since then, there have been some excellent pieces, which have done a very good job restoring the truth and exposing the bad faith of some market actors and the lunacy of the rest. As I could...
Financial stocks crashed in the first half of July and then rallied in the second half. Shorting these stocks had become widespread (often paired with going long oil and commodities), resulting in the shorts became very crowded. Thus, in mid-July when the government stepped in to eliminate naked shorting, prevent Fannie Mae and Freddie Mac from failing (at least temporarily; we are short both) and pass (yet another) housing bailout bill, financial stocks experienced a quick, sharp reversal that fed into itself as momentum-driven short sellers rushed for the exits and a clumsily unwound their trades.
“We think the Reserve Bank needs to consider something in the line of a 50 basis point cut. Then we may expect 30 to 35 basis points of that to be passed through and 15 put back into the banks' margins.'' - Malcolm Watkins, executive director of Australian Finance Group Ltd., Australia’s largest mortgage broker. Watkins was responding to the Australian government’s increasing calls to banks to pass on any interest rate cut benefits to customers. (Bloomberg, Aug. 10)
We're now well into the back half of 2008, and below we highlight the stocks that have managed to buck the market downtrend this year and see big gains. Twenty-six stocks in the Russell 3,000 are up more than 100% this year, with Finish Line (FINL) leading the gains at 348%. FINL is followed by James River Coal (JRCC) at 246%, Idenix Pharma (IDIX) at 217%, and Alpha Natural Resources (ANR) at 210%. JRCC had been the top performer, but it has come in significantly since we...
Moody’s has issued a useful guide to interpreting the mark-to-market losses of monoline insurers. The new report specifically looks at financial guarantors Ambac (ABK), MBIA, (MBI), Financial Guaranty [FGIC], Radian Asset Assurance, XL Financial/Security Capital Assurance (SCA), Assured Guaranty Corp (AGO), FSA and CIFG.
In the past year, a number of financial guaranty insurers recorded significant mark-to-market losses relating to derivative contracts (principally credit default swaps [CDS] written to provide protection to investors in various types of structured financings.
For traders with a more short-term time horizon, we have compiled a list of the S&P 1500 stocks that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over the last fifty days). We then grouped the stocks based on whether they have a rising or falling 50-day moving average. Stocks highlighted in gray are new to the list this month.
As the table shows, most of the stocks on the list are trading in the single digits, and...
Form4Oracle, LLC specializes in distributing insider trading information published by the SEC, making it accessible and actionable for all types of investors. To learn more about how tracking ...
PHILADELPHIA, Nov. 25 /PRNewswire-FirstCall/ -- Radian Group Inc. (NYSE: RDN) announced today that C. Robert Quint, executive vice president and chief financial officer, will be presenting at the ...
Radian Group Inc. Company Profile is the essential source for top-level company data and information. The report examines the company?s key business structure and operations, history and products ...
PHILADELPHIA, Nov. 12 /PRNewswire-FirstCall/ -- Radian Group Inc. (NYSE: RDN) announced today that the company's Board of Directors approved a quarterly dividend on its common stock in the amount ...
By Sweta Singh BANGALORE, Nov 5 (Reuters) - US mortgage and bond insurer Radian Group Inc (RDN.N: Quote, Profile, Research, Stock Buzz) posted a quarterly profit, surprising Wall Street which was ...
Small caps took a dive today, closing down 5.97% and snapping a string of six consecutive higher sessions in the process amid gloomy economic worries. Today?s small-cap gainers are Radian Group ...
CHICAGO (AP) ? Shares of troubled mall owner General Growth Properties Inc. plunged Wednesday after the company reported disappointing third-quarter results, cut its year-end forecast and said it ...
(RTTNews) - Radian Group Inc. (RDN: News ) reported net income for the third-quarter of $36.7 million, or $0.46 per share, compared to a net loss of $703.9 million, or $8.82 per share in the year ...
Ambac and MBIA continue to be hounded by the real-estate slump, losing more market value after posting huge quarterly losses. Alistair Barr reports. (Nov. 5)
SAN FRANCISCO (MarketWatch) - MGIC Investment Corp. shares slumped more than 30% on Thursday after the mortgage insurer eliminated its dividend to conserve capital.
SAN FRANCISCO (MarketWatch) -- Mortgage insurer Radian Group Inc. said Monday it is launching a new program designed to reduce mortgage foreclosures. Under the Servicer Advocacy Group, Radian said it will help mortgage servicers come up with "creative and flexible solutions that will help distressed homeowners remain in their homes."
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 mortgage insurance business with the contribution of a company with $960 million in statutory surplus, which is part of approximately $3 billion of claims-paying resources," said S.A. Ibrahim, Radian chief executive, in a statement.
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. "Fannie Mae and Freddie Mac have historically relied heavily on mortgage insurance, and Radian has been working closely with both companies through this difficult environment." Shares of Radian are down 73% this year.
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Moody’s has issued a useful guide to interpreting the mark-to-market losses of monoline insurers. The new report specifically looks at financial guarantors Ambac (ABK), MBIA, (MBI), 
