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Real Estate & Property Law

: Housing Wire

Rising Defaults, Derivative Trades Lead Radian Losses

By DIANA GOLOBAY

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Private mortgage insurer Radian Group (RDN: 2.75 +25.00%) posted a $217.4m net loss, or $2.69 per share, for Q109. “Our net loss in the first quarter was primarily attributable to unrealized mark to market losses on derivatives and the continued increase in mortgage insurance defaults,” CEO S. A. Ibrahim said in the company’s earnings statement. “Despite [...]

Full post as published by Housing Wire on May 05, 2009 (boomark / email).

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