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Article: BOND INSURERS: Radian Group Still Hurt by Housing Delinquencies.(Underwriters & Dealers)

Article from:
The Bond Buyer
Article date:
November 12, 2009
Copyright

Byline: Patrick Mcgee

Credit-risk management company Radian Group Inc., the parent company of bond insurer Radian Asset Assurance Inc., continues to be hurt by delinquencies in the housing market, according to its third quarter 10Q filing.

The bond-insurer unit has not written any new insurance since September 2008, and according to Emily Riley, assistant vice president in financial communications, the company has no intentions of returning to the market "in the near term."

Radian has been using incoming capital from previous insured deals to provide support to Radian Guaranty, the company's mortgage-insurance unit, according to the 10Q filing. ...

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