Key Developments: Radian Group Inc (RDN.N)
10 Jun 2013
Latest Key Developments (Source: Significant Developments)
Radian Group Inc. announced that the Company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on December 1, 2011, to stockholders of record as of November 21, 2011. Full Article
Radian Group Inc.'s Radian Asset Assurance Inc And National League Of Cities Announces Formation Of New Mutual Bond Insurance Company
Radian Group Inc. and the National League of Cities, a non-profit association of cities and state municipal leagues (NLC), announced an agreement between NLC and Radian's financial guaranty subsidiary, Radian Asset Assurance Inc., to explore the formation of a new public finance mutual bond insurance company. The objective of creating a next generation bond insurer is to provide bondholders with a superior level of credit enhancement, while allowing municipal issuers to benefit from lower-cost financing. While Radian and NLC are still working on the details of the structure, they anticipate it will involve the support of private capital from third-party investors. Full Article
Radian Group Inc. announced that the Company’s Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on September 1, 2011, to stockholders of record as of August 22, 2011. Full Article
May 1 - Mortgage insurer Radian Group Inc quarterly loss widened due to higher losses from changes in the fair value of derivatives and other financial instruments.