RADIAN GROUP INC
Latest Quote @ Wed Jun 6 04:10:31 (15 min delayed)
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Radian Group, Inc., together with its subsidiaries, provides credit insurance and financial services to mortgage lenders and other financial institutions. It operates through three segments: Mortgage Insurance, Financial Guaranty, and Financial Services. The Mortgage Insurance segment provides mortgage credit protection, primarily via private mortgage insurance, and risk management services to mortgage lending institutions located throughout the United States and internationally. Private mortgage insurance primarily protects lenders from all or part of default-related losses on residential first-mortgage loans made to homebuyers; as well as facilitates the sale of these mortgages in the secondary market. The Financial Guaranty segment provides credit-related insurance coverage, credit default swaps, and other financial guaranty contracts to customers in various markets. It also assumes reinsurance from monoline financial guaranty insurers for both public finance bonds and structured finance obligations, and direct financial guaranty insurance for public finance bonds and structured finance obligations, and trade credit reinsurance. The Financial Services segment offers credit-based servicing and securitization of assets in underserved markets. It provides the purchase and servicing, and securitization of special assets, including subperforming/nonperforming mortgages, seller-financed residential mortgages, and delinquent consumer assets. This segment also provides Internet-based real estate information products and services to the first-and second-lien mortgage industry. The company has strategic partnerships with C-BASS and Sherman Financial Group LLC. Radian Group was founded in 1977. It was formerly known as CMAC Investment Corporation and changed its name to Radian Group, Inc. in 1999. The company is headquartered in Philadelphia, Pennsylvania.