Tennyson out at Clayton after Radian commits to restructuring

PHILADELPHIA–(BUSINESS WIRE)– Radian Group Inc. (NYSE: RDN) today provided an update on three strategic actions designed to strengthen the company’s financial position, improve its debt maturity profile, grow sustainable revenues and profitability in its Mortgage and real estate services business, and increase stockholder value.

Over the last few months, Radian Group has restructured its mortgage and real estate services business, which is conducted through its principal subsidiary Clayton Holdings, and Clayton’s subsidiaries.

Growth Drivers in Place Radian Group is restructuring. its Clayton EuroRisk to a global investment firm. Radian is focused on improving its mortgage insurance portfolio, the main catalyst to.

Radian Group Inc. (NYSE:RDN) Q1 2016 Earnings Conference Call April 27, 2016 10:00 AM ET Executives Emily Riley – SVP of IR and Corporate Communications S.A. Ibrahim – CEO Frank Hall – CFO Jeff.

Prior to Lima One, Tennyson served as the President of Clayton Holdings, LLC (a wholly owned subsidiary of Radian Group (NYSE:RDN)) where he served on Radian’s Executive Committee and oversaw the global Mortgage Services business units.

Radian (RDN) Shows Potential to Grow: Apt to Buy. – NASDAQ.com – Radian Group is restructuring its business by intensifying focus on core business and services with higher-growth potential and ensuring more predictable and recurring fee-based revenues. Recently, the company divested its Clayton EuroRisk to a global investment firm.

Average mortgage rates up, but won’t affect home purchase season Assuming the mortgage rate increases to 4.4%, the buyer would pay $1,700 per month in order to buy the same home. Among 177 metro areas, we see that 89% of these areas have a median home value lower than $380,000. This means that most homebuyers would see an increase of less than $100 in the monthly mortgage payment. While mortgage rates are.More online mortgage shopping equals lower servicer retention rates At the federal trade commission’s request, a federal court halted a sham operation that allegedly told financially distressed homeowners it would help get their mortgages modified, but instead effectively stole their mortgage payments, leading some to foreclosure and bankruptcy.

Philadelphia-based mortgage insurer Radian Group said Tuesday that it has agreed to buy loan review firm Clayton Holdings for 5 million. radian said the deal for the Shelton, Conn.-based firm.

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Radian’s mortgage insurance portfolio consists of 94 percent of new business written after 2008, including those loans that successfully completed the Home Affordable Refinance Program (HARP)..

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Former Clayton President Jeff Tennyson has found a new home.. Last year, Tennyson’s role as president of Clayton was eliminated as part of Radian Group’s restructuring of its principal.

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