Sign In  |  Register  |  About Daly City  |  Contact Us

Daly City, CA
September 01, 2020 1:20pm
7-Day Forecast | Traffic
  • Search Hotels in Daly City

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Radian Group Launches Radian Mortgage Capital to Expand Market Opportunity and Offer Alternative Source of Funding to Lenders

Radian Group Inc. (NYSE: RDN) announced the launch of Radian Mortgage Capital LLC (RMC), a mortgage conduit formed to provide residential mortgage lenders with an additional secondary-market option for high-quality loans and to provide mortgage investors with a trusted, high-quality sponsor. Consistent with Radian’s stated strategy, RMC expands the company’s capabilities to participate in the mortgage market to aggregate, manage and distribute residential mortgage credit risk.

“We view RMC’s services as a natural extension of our products, further deepening our relationships across the mortgage ecosystem with mortgage lenders and investors,” said Chief Executive Officer Rick Thornberry. “As a market leader recognized for delivering innovative mortgage products and solutions, Radian’s strong liquidity and capital base, deep market relationships, and credit risk management expertise combined with an experienced RMC team provide us with the strategic flexibility to broaden our market reach through RMC.”

RMC plans to leverage Radian’s extensive lender relationships to aggregate and distribute high-quality residential mortgage loans into the capital markets through private label securitizations and direct sales to mortgage investors, with the option to retain and manage structured components of the underlying credit risk where the company sees value.

“Our mortgage insurance customers have communicated a growing need for additional secondary market options, and we are pleased to be able to expand the products we deliver to lenders through RMC,” said Radian’s Mortgage Business President Derek Brummer. “We believe Radian’s strong track record for pricing and managing mortgage credit risk and leveraging decades of robust residential mortgage performance data through multiple cycles, together with our extensive proprietary analytics platforms, positions us to expand our position as a trusted and valued partner across the mortgage market.”

About Radian

Radian Group Inc. (NYSE: RDN) is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, title, valuation, asset management and other real estate services. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk. Visit radian.com and homegenius.com to learn more about how Radian and its pioneering homegenius platform are building a smarter future for mortgage and real estate services.

Forward-Looking Statements

All statements in this press release that address events, developments or results that we expect or anticipate may occur in the future are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Exchange Act and the U.S. Private Securities Litigation Reform Act of 1995. In most cases, forward-looking statements may be identified by words such as “anticipate,” “may,” “will,” “could,” “should,” “would,” “expect,” “intend,” “plan,” “goal,” “contemplate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “seek,” “strategy,” “future,” “likely” or the negative or other variations on these words and other similar expressions. These statements, which may include, without limitation, projections regarding our future performance and financial condition, are made on the basis of management’s current views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement. These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment where new risks emerge from time to time and it is not possible for us to predict all risks that may affect us. Our ability to successfully execute and implement our strategic plans with respect to RMC is subject to risks and uncertainties, including without limitation, economic conditions and the health of U.S. housing markets generally, regulatory changes impacting the secondary mortgage market, competition and pricing risk, liquidity and interest rate risks, risks associated with our use of financial leverage, legal and compliance related risks, customer receptivity risks, including any potential impact on our existing business lines, risks related to the quality of third-party mortgage underwriting and mortgage servicing, and risks resulting from changes in our investment, financing and hedging strategies. For more information regarding these risks and uncertainties as well as other additional risks that we face, you should refer to the Risk Factors detailed in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2021, and subsequent reports filed from time to time with the U.S. Securities and Exchange Commission.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 DalyCity.com & California Media Partners, LLC. All rights reserved.