Radian posts $65M net income in 3Q after Clayton, other charges

HomeStreet scales down mortgage originations, takes 1Q profit loss HomeStreet to continue offering mortgages through bank locations, online, acquire its stand-alone home loan centers and related mortgage origination personnel.. banking business, we will continue to offer mortgages, but the scale of. HomeStreet is taking these steps due to the persistent challenges.

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Expected slowdown in remodeling is good news for mortgage business  · Rising mortgage rates are reducing housing affordability and cooling buyer demand, which should cause price appreciation to moderate in the coming year. CoreLogic’s latest home price insights report says that U.S. home prices were up by 5.1 percent year over year in November, and the company projects that annual growth will slow to 4.8 percent by the same month in 2019.

Originators Clayton has a unique combination of resources to help originators deal with the full range of issues from strategic planning to managing day-to-day operations. We understand the challenges in building and maintaining a successful originations business in these volatile times.

Radian Group Inc.’s (RDN) first-quarter 2017 operating income of 37 cents per share missed the Zacks Consensus Estimate by 14%. Earnings were flat year over year.

Radian Group (RDN) Q4 Earnings & Revenues Beat Estimates. Segment Update Net premiums earned by Mortgage Insurance segment were $245.2 million, up nearly 5% year over year. Claims paid were $85.5 million in the reported quarter, down 26.6% year over year. Loss ratio improved 900 basis points to 14.4%.

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The company reported a net income of $203 million or $0.94 per diluted share in the first quarter of 2014, up from $36.4 million last quarter. The good news didn’t stop there for Radian. The company also announced the acquisition of Clayton Holdings, a due diligence firm. Radian will pay $305 million in cash to purchase the company.

View detailed financial information, real-time news, videos, quotes and analysis on Radian Group Inc. (NYSE:RDN). Explore commentary on Radian Group Inc. and hear what the experts at TheStreet are.

The bottom line is down 26% year-on-year, with OIBDA down 22% to $152.4 million, on the back of an 11% fall in revenues to $375.1 million. The 3Q results made for a 9M 2009 Net Income of $69.5 million, down 42% on the same period 2008, with 9M OIBDA down 18% to $428.1 million, on a 15% year on year drop in revenues to $1.073 billion.

PHILADELPHIA (AP) _ Radian Group Inc. (RDN) on Thursday reported second-quarter net income of $208.9 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Philadelphia-based company said it had profit of 96 cents. Earnings, adjusted for non-recurring gains, were 69 cents per share.

reduces other operating expenses by the amount of ceding commissions earned; and improves Radian Guaranty’s return on required capital for its Single Premium mortgage insurance products as a.

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