Guaranty said it also deposited USD 205m in a collateral account to cover loss mitigation activity on these loans.
Asset is also expected to pay an ordinary dividend of about $50 million to the Radian
Guaranty in July, and is expected to continue to provide support to the mortgage insurance unit, the company said.
As of September 30, 2014, Radian
Asset had an insured portfolio of USD 19.
said it relied on long-standing, written guidance from the US Department of Housing and Urban Development in structuring these captive reinsurance agreements and on analyses and opinions of reputable actuarial firms that the terms of Radian
's reinsurance agreements met HUD's standards.
But yesterday, Moody's said it is downgrading parent company Radian
Group's senior-debt rating to Caa2 from Caa1, reflecting "the holding company's constrained liquidity, the ongoing stress at its mortgage-insurance subsidiaries, and its upcoming debt maturities.
Because there is no single solution that will help every borrower, Radian
is advancing funds to servicers so they can take the specific action required to keep borrowers in their homes rather than proceeding with a stressful and costly foreclosure process.
In her opening remarks, California State Attorney Rebecca Westmore stated that Radian
Guaranty and Amerin Guaranty are only licensed to sell mortgage guaranty insurance in California, not title insurance; and RadianExpress.
Just like the iPhone([R]) and iPad([R]) version launched this past September, app users can simply input loan criteria and the app automatically calculates the MI rate for a variety of Radian
As of September 30, 2012, Radian
Guaranty maintained a risk-to-capital ratio of 20.
Training has become an important value-added service for many of our customers, which is why it's a priority for Radian
This is exciting news because it's one more way Radian
is working to accomplish one of our top priorities - making it easier than ever to do business with us," said Brien McMahon, Radian
's chief franchise officer.
As program approaches one-year anniversary, more than 35,000 borrowers with Radian
MI benefit from a HARP 2.