Philadelphia

Latest Posts

Radian Profits Soar, Q209 Underwriting Strengthens 

Aug 05, 2009By

Philadelphia-based mortgage insurer Radian Group [stock RDN][/stock] earned $231.9m ($2.82 per share) in Q209, up from a loss of $392.5m in Q208. Mortgage insurance claims of $167.7m were lower than projections. However, Radian said it expects to pay between $275 and $300m in claims during Q309. Radian said government programs to stem foreclosures are helping Radian’s bottom line.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please