Current Report Filing (8-k)
07 Janvier 2015 - 2:31PM
Edgar (US Regulatory)
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) January
7, 2015
Radian Group Inc.
(Exact
Name of Registrant as Specified in Its Charter)
Delaware
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1-11356
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23-2691170
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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1601
Market Street, Philadelphia, Pennsylvania
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19103
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(Address
of Principal Executive Offices)
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(Zip
Code)
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(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 January 7, 2015, Radian Guaranty Inc. (“Radian Guaranty”), the
mortgage insurance subsidiary of Radian Group Inc. (the “Company”),
issued a news release announcing, among other things:
-
The delinquency data for its mortgage insurance business for
December 2014; and
-
During the monthly period ending December 31, 2014, Radian Guaranty
wrote $3.43 billion of new insurance written.
A copy of this news release is furnished as Exhibit 99.1 to this Current
Report on Form 8-K.
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 Guaranty Inc. News Release dated January 7,
2015.
_____________________
* 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.
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RADIAN GROUP INC.
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(Registrant)
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Date:
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January 7, 2015
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By:
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/s/ J. Franklin Hall
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J. Franklin Hall
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Chief Financial Officer
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EXHIBIT INDEX
Exhibit
No.
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Description
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99.1*
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Radian Guaranty Inc. News Release dated January 7, 2015
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* Furnished herewith.
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Exhibit 99.1
Radian
Releases Delinquency Data for December
PHILADELPHIA--(BUSINESS WIRE)--January 7, 2015--Radian Guaranty Inc.,
the mortgage insurance subsidiary of Radian Group Inc., today released
data for primary mortgage insurance delinquencies for December 2014.
These details may also be found on Radian’s website at http://www.radian.biz/page?name=NewsReleases.
Previously released historical data is also available on the website at http://www.radian.biz/page?name=FinancialReportsMortgageInsurance.
The information below regarding new delinquencies and cures is reported
to Radian from loan servicers. Default reporting, particularly on a
monthly basis, may be affected by several factors, including the date on
which the report is generated and transmitted to Radian, updated
information submitted by servicers and by the timing of servicing
transfers.
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December 2014
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Primary New Insurance Written ($ in billions)
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$3.43
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Beginning Primary Delinquent Inventory (# of loans)
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45,908
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Plus: New Delinquencies
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4,004
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Less: Cures
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(3,560)
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Less: Paids
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(including those charged to a deductible or captive)
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(777)
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Less: Rescissions and Denials (1)
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(256)
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Ending Primary Delinquent Inventory (# of loans)
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45,319
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(1)
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Rescissions and Denials are net of actual reinstatements for
the period. For additional details on reinstatement trends as of
September 30, 2014, refer to Slide 22 of Radian’s Third Quarter
2014 Presentation Slides available in the Investors section of
Radian’s website at www.radian.biz.
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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.
CONTACT:
Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.biz
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