0001157523-12-002731.txt : 20120510 0001157523-12-002731.hdr.sgml : 20120510 20120509180104 ACCESSION NUMBER: 0001157523-12-002731 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120507 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120510 DATE AS OF CHANGE: 20120509 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RADIAN GROUP INC CENTRAL INDEX KEY: 0000890926 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 232691170 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11356 FILM NUMBER: 12827071 BUSINESS ADDRESS: STREET 1: 1601 MARKET STREET STREET 2: 12TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2155646600 MAIL ADDRESS: STREET 1: 1601 MARKET ST STREET 2: 12TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 FORMER COMPANY: FORMER CONFORMED NAME: CMAC INVESTMENT CORP DATE OF NAME CHANGE: 19960126 8-K 1 a50272125.htm RADIAN GROUP INC. 8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934

Date of report (Date of earliest event reported) May 7, 2012


Radian Group Inc.
(Exact Name of Registrant as Specified in Its Charter)



Delaware

1-11356

23-2691170

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

1601 Market Street, Philadelphia, Pennsylvania

19103

(Address of Principal Executive Offices)

(Zip Code)

(215) 231 - 1000
(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions  (see  General Instruction A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


Item 2.02.          Results of Operations and Financial Condition.

On May 7, 2012, Radian Group Inc. issued a news release announcing, among other things, that the product mix of Radian Guaranty’s new insurance written has shifted recently to an increased level of monthly premium business.  Of the $9.0 billion in new insurance written for the first four months of 2012, 65 percent was written with monthly premiums and 35 percent with single premiums.  This compares to the fourth quarter of 2011, where 57 percent was written with monthly premiums and 43 percent with single premiums.  

A copy of this news release is furnished as Exhibit 99.1 to this report.

The information included in, or furnished with, this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.


Item 9.01.          Financial Statements and Exhibits.

(d) Exhibits.

99.1*               Radian Group Inc. News Release dated May 7, 2012.

_____________________

*         Furnished herewith.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


RADIAN GROUP INC.

(Registrant)
 
Date: May 9, 2012 By:

/s/ C. Robert Quint

C. Robert Quint

Chief Financial Officer


EXHIBIT INDEX

Exhibit
No.

 

Description

 
99.1*

Radian Group Inc. News Release dated May 7, 2012.

*   Furnished herewith.

EX-99.1 2 a50272125ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Radian Releases Delinquency Data for April

PHILADELPHIA--(BUSINESS WIRE)--May 7, 2012--Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released data for primary mortgage insurance delinquencies for April 2012. These details may also be found on Radian’s website at http://www.radian.biz/page?name=NewsReleases.

The information below regarding new delinquencies and cures is reported to Radian from loan servicers. The accuracy of these reports may be affected by several factors, including the date on which the report is generated and by the timing of servicing transfers.

         
            April 2012
Primary New Insurance Written (NIW) ($ in billions)           $2.55
Beginning Primary Delinquent Inventory

(# of loans)

         

103,027

Plus: New Delinquencies           5,807
Less: Cures           (4,692)
Less: Paids

(including those charged to a deductible or captive)

         

(1,683)

Less: Rescissions and Denials           (893)

Ending Primary Delinquent Inventory

(# of loans)

         

101,566

 

The product mix of Radian’s NIW has shifted recently to an increased level of monthly premium business. Of the $9.0 billion in new business written in the first four months of 2012, 65 percent was written with monthly premiums and 35 percent with single premiums. This compares to the fourth quarter of 2011, where 57 percent was written with monthly premiums and 43 percent with single premiums.

About Radian

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance and related risk mitigation products and services to mortgage lenders nationwide through its principal operating subsidiary, Radian Guaranty Inc. These services help promote and preserve homeownership opportunities for homebuyers, while protecting lenders from default-related losses on residential first mortgages and facilitating the sale of low-downpayment mortgages in the secondary market. Additional information may be found at www.radian.biz.

Forward-Looking Statements

Some of the statements in this press release may constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information regarding these risks and uncertainties as well as certain additional risks that we face, you should refer to the Risk Factors detailed in Item 1A of Part I of our Annual Report on Form 10-K for the year ended December 31, 2011 and subsequent reports and registration statements filed from time to time with the Securities and Exchange Commission.

CONTACT:
Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.biz