Welcome to our dedicated page for Radian Group news (Ticker: RDN), a resource for investors and traders seeking the latest updates and insights on Radian Group stock.
Radian Group Inc. reports developments for a global multi-line specialty insurer with established U.S. private mortgage insurance operations and Inigo specialty insurance underwriting through Lloyd’s of London. Company news commonly covers quarterly and annual results, Mortgage and Specialty segment performance, mortgage insurance in force, premium yield, loss and expense ratios, book value, and capital management.
Other recurring updates include dividends, share repurchases, holding-company liquidity, distributions from Radian Guaranty, acquisition-related integration of Inigo, investor presentations, and board or executive changes.
Radian Group Inc. (NYSE: RDN) has scheduled a conference call for November 5, 2020, at 1:00 p.m. Eastern Time to discuss its third quarter 2020 results. The results will be announced after market close on November 4, 2020. Interested parties can access the live broadcast on Radian's website or by phone at 800.447.0521 (U.S.) or 847.413.3238 (international) using passcode 49984800. A digital replay will be available for two weeks post-call. Visit Radian's website for further financial information.
The Radian Home Price Index (HPI) data reveals a 7.8% increase in U.S. home prices since October 2019. As of September 2020, median estimated home prices rose to $262,505, with substantial sales growth—closed home sales were 39% higher than the average for previous third quarters. The increase reflects a 7.4% annualized rate year-to-date, outpacing the previous year. Despite strong demand, supply constraints persist due to the pandemic's impact on listings, leading to potential future affordability challenges.
Radian Group Inc. (NYSE: RDN) announces that Noel J. Spiegel has been named to the 2020 NACD Directorship 100 by the National Association of Corporate Directors. This annual award recognizes influential corporate directors and governance experts. Spiegel has been with Radian's Board since February 2011, currently serving as Chair of the Audit Committee. He is recognized for his significant contributions to the company and corporate governance community. Radian emphasizes its commitment to effective board leadership, supporting its mission of promoting homeownership.
Radian Guaranty Inc. has reported its September 2020 operating statistics, revealing a decrease in primary default inventory to 62,737 loans from 64,888 in August. New defaults have also declined to 5,858 from 6,173 the previous month. Cures showed improved performance at (7,935) compared to (8,670) in August. Claims paid slightly increased to (85) against (63) in August, while rescissions and claim denials remained minimal at 11. This data reflects the company's efforts in navigating the COVID-19 pandemic's impact on its portfolio.