Skip to main content

Ginnie Mae announces new procedures for monitoring loan data submitted by issuers

National Mortgage Professional
Nov 04, 2008

Radian implements mortgage insurance capital plan MortgagePress.comRandian, mortgage insurance, Radian Asset Assurance, S.A. Ibrahim, Sherman Financial Radian Group Inc. has announced the completion of the primary component of its capital plan, providing non-dilutive capital support to its mortgage insurance business. Radian has contributed its ownership interest in Radian Asset Assurance Inc. (Radian Asset), its principal financial guaranty subsidiary, to Radian Guaranty, the company's principal mortgage insurance subsidiary. "We reiterate our commitment to our mortgage insurance business with the contribution of a company with $960 million in statutory surplus, which is part of approximately $3 billion of claims-paying resources," stated S.A. Ibrahim, chief executive officer of Radian Group. "Our mortgage insurance business remains our primary focus and we believe the contribution of Radian Asset will provide a substantial amount of capital over time. The strength of this internally-sourced capital plan differentiates us within the industry and best positions us for the long term." Radian's ownership interest in Sherman Financial recently increased to approximately 29 percent from 22 percent. Radian expects Sherman to continue to provide it with a meaningful dividend contribution and to serve as a potential source of additional capital. Radian received $19.5 million in dividends from Sherman in the first half of 2008. To allow for this transfer, Radian completed the previously announced amendment to its credit facility, reducing the outstanding amount and commitment size of the facility to $150 million. For more information, visit www.radian.biz.
Published
Nov 04, 2008
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021
FOMC Discusses Raising Interest Rates

Inflationary pressures have finally forced the Federal Open Market Committee (FOMC) to discuss raising interest rates and tapering its bond-buying program.

Analysis and Data
Jul 14, 2021
Fathom Holdings Inc. Creates New Hispanic Division

Fathom Holdings Inc., a technology-driven real estate platform, announced the creation of their Hispanic Division to more adequately serve this fast-growing demographic. 

Industry News
Jul 07, 2021