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Stock Market & Financial Investment News

News Breaks
August 30, 2013
08:57 EDTFMCC, MTG, RDNRadian rises after striking deal with Freddie Mac
Shares of Radian Group (RDN) are trading higher in the pre-market session after its mortgage insurance subsidiary, Radian Guaranty, announced an agreement with Freddie Mac (FMCC) regarding a group of delinquent mortgage loans held by Freddie Mac that were insured by the Radian unit. WHAT'S NOTABLE: The agreement, which covers 25,760 first-lien mortgage loans that were delinquent as of December 31, 2011, caps Radian Guaranty’s total exposure on this group of loans to $840M. Radian Guaranty paid approximately $255M to Freddie Mac to cover claim exposure on these loans, and had previously paid $370M of claims on these loans. Radian said it expects to record an incurred loss of approximately $20M in its fiscal third quarter in connection with the deal. PRICE ACTION: Shares of Radian were up nearly 7% to trade above $14 in the pre-market session. OTHER'S TO WATCH: MGIC Investment (MTG), which is also a private mortgage insurer, was up nearly 4% in pre-market trading.
News For RDN;MTG;FMCC From The Last 14 Days
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January 29, 2016
08:56 EDTRDNRadian Group sell-off overdone, says JMP Securities
After Radian reported higher than expected EPS, JMP Securities says the company is poised to perform well, as it is continuing to gain new customers and most of its business is now derived from the post-recession years, according to the firm. JMP reiterates a $17 price target and Outperform rating on the shares.
January 28, 2016
16:40 EDTMTGMGIC Investment promotes officers and hires Chief Information Security Officer
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06:32 EDTRDNRadian Group reports Q4 adjusted EPS 34c, consensus 33c
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January 27, 2016
11:27 EDTMTGOptions with increasing call volume
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11:09 EDTMTG, RDNOptions with increasing put volume
Options with increasing put volume: RDN MTG HES BKD TAP RRC GG MTW AIG CLR PYPL
10:15 EDTMTGActive puts: SPY MTG X VMW AAPL XME
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10:04 EDTRDNHigh option volume stocks: RDN TRXC EEFT CVLT VRTX
January 26, 2016
11:53 EDTMTG, RDNOptions with increasing put volume: RDN MTG PCP HES CLDX NEM BUD JUNO KITE
11:42 EDTMTGOptions with increasing call volume; TEX MTW MTG SEE KBH SNDK WDC VALE VIAB PII
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