is expected to be complete in the first half of 2015. AGC will phase out the Radian Asset brand. We are pleased to enter into this mutually beneficial transaction with Radian,’ says Dominic Frederico.
2015 Radian completes sale of Radian Asset Assurance to Assured Guaranty Corp, a subsidiary of Assured Guaranty, Ltd. 2014 Radian acquires Clayton Holdings LLC. 2013 Radian is nation’s largest private mortgage insurance company with $161 billion of insurance in force. 2012 radian doubles market share from historical levels to number one position in the fourth quarter. 2011 Radian continues to expand sales team to serve growing customer base.
Construction’s mixed July performance misses expectations Such statements are based on our current judgments regarding the factors that could impact the future performance of Magellan. of 4.4% implemented in July of last year as well as by longer.
Radian Asset will receive $91 million for the sale of MIAC, which is expected to close in the first quarter of 2012. Radian purchased the company in June 2011 for $82 million. In addition, as part of the commutation and reinsurance transactions, Radian Asset will transfer to Assured Guaranty net unearned premium of $108 million, which will have.
HUD extends deadline for unemployed mortgage assistance Flood insurance premiums could rise, FEMA warns Will Florida Supreme Court rule against statute-of-limitations on foreclosures? “It’s one thing for the Florida. against public policy,” Judge Thornton said. “But instances like that are the exception rather than the rule.” Miami is now one of three venues in the United States.Property preservation firms fight for competitive edge woodward asset Capital acquires homesource realtors Woodward Asset Capital, a developer of technology for the real estate and mortgage servicing industries, has acquired Homesource Realtors, a Michigan real estate brokerage. What’s more, Woodward has re-branded Homesource as SellerNation. As part of the deal, Woodward has retained Homesource’s office in suburban Detroit, which was already powered by Woodward’s technology.Edgemark Solutions is a full service property preservation company focused on non-performing loan portfolios. We service broker and bank properties with dedication and care unmatched in the industry. · IRS extends safe harbor for governmental homeowner assistance payments notice 2013-13, 2013-6 IRB In a Notice, IRS has extended through 2015 earlier guidance on the tax consequences of payments made to or on behalf of financially distressed homeowners, including the safe harbor method for computing a homeowner’s deduction for payments made on a.SunTrust earnings rise in first quarter SunTrust Reports First Quarter Earnings. For the quarter, reported return on average total assets (ROA) was 1.16%, and return on average total equity (ROE) was 14.65%. Return on average assets less net unrealized gains on securities was 1.19% and return on average realized equity was 17.59% for the quarter.
Assured Guaranty said it plans. according to Radian Guaranty, a subsidiary of Radian Group. "As a result, Radian has been pursuing a plan to monetize Radian Asset, including a sale of the company,
On April 1, 2015, Radian Guaranty Inc. sold Radian Asset Assurance Inc. (Radian Asset) to Assured Guaranty Corp. (AGC), and Radian Asset was merged with and into AGC, with AGC as the surviving company. Radian Asset’s financial guaranty insurance policies remain in full force and effect, and they are now obligations of AGC, supported by AGC’s claims-paying resources.
After the transaction is complete, Clayton will become. $1.5 million in the fourth quarter of 2013. Radian Asset Assurance Inc. continues to serve as an important source of capital support for.
The effect should be positive, as we expect the Radian Asset-insured bonds to trade similarly to bonds insured by AGC. Demand for Assured Guaranty-insured bonds has been growing, and the market provides strong liquidity, with $400 million of average daily trading volume for Assured Guaranty- insured bonds.
AGO, +0.27% for a purchase price of approximately $810 million. The purchase price is payable in cash consideration on the closing date. The Stock Purchase Agreement allows for a complete transfer of Radian Asset’s $19.4 billion in net par outstanding to Assured Guaranty Corp. as of September 30, 2014.