PHILADELPHIA, Nov. 6 /PRNewswire-FirstCall/ -- Radian Group Inc. (NYSE:
RDN) announced today that the company's Board of Directors approved a
regular quarterly dividend on its common stock in the amount of $0.02 per
share, payable on December 18, 2007, to stockholders of record as of
November 16, 2007.
Radian Group Inc. is a global credit risk management company
headquartered in Philadelphia with significant operations in New York and
London. Radian develops innovative financial solutions by applying its core
mortgage credit risk expertise and structured finance capabilities to the
credit enhancement needs of the capital markets worldwide, primarily
through credit insurance products. The company also provides credit
enhancement for public finance and other corporate and consumer assets on
both a direct and reinsurance basis and holds strategic interests in
credit-based consumer asset businesses. Additional information may be found
at http://www.radian.biz.
All statements made in this news release that address events or
developments that we expect or anticipate may occur in the future are
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934
and the U.S. Private Securities Litigation Reform Act of 1995. These
statements, which include projections regarding revenues and losses as well
as other statements regarding our future financial condition, are made on
the basis of management's current views and assumptions with respect to
future events. These forward-looking statements, as well as our prospects
as a whole, are subject to risks and uncertainties, including the
following: changes in general financial and political conditions such as
extended national or regional economic recessions (or expansions), changes
in housing demand or mortgage originations, changes in housing values,
population trends and changes in household formation patterns, changes in
unemployment rates, changes or volatility in interest rates, consumer
confidence, or credit spreads; future credit market disruptions - in
particular, further deterioration in the housing, mortgage and related
credit markets, which would negatively impact our future consolidated
results of operations and, if more severe than our current predictions,
could cause our ultimate projected losses on our existing mortgage
insurance portfolio to be inaccurate; adverse changes in the liquidity in
the capital markets and the contraction of credit markets; changes in
investor perception of the strength of private mortgage insurers or
financial guaranty providers; risks faced by the businesses, municipalities
or pools of assets covered by our insurance; the loss of a customer with
whom we have a concentration of our insurance in force or the influence of
large customers; increased severity or frequency of losses associated with
certain of our products that are riskier than traditional mortgage
insurance and financial guaranty insurance policies; material changes in
the persistency rates of our mortgage insurance policies; losses associated
with the aging of our mortgage insurance portfolio; ratings actions with
respect to our credit ratings or the insurance financial-strength ratings
assigned by the major ratings agencies to our operating subsidiaries - in
particular, our ratings that are currently under review for possible
downgrade by Moody's; heightened competition from other insurance
providers, from federal and state governmental or quasi-governmental
entities such as the FHA and from alternative products to private mortgage
insurance and financial guaranty insurance; changes in the charters or
business practices of Fannie Mae and Freddie Mac; the application of
federal or state consumer, lending, insurance and other applicable laws and
regulations, or changes in these laws and regulations or the way they are
interpreted; the possibility that we may fail to estimate accurately the
likelihood, magnitude and timing of losses in connection with establishing
loss reserves for our mortgage insurance or financial guaranty businesses
or to estimate accurately the fair value amounts of derivative financial
guaranty contracts in determining gains and losses on these contracts;
changes in accounting guidance from the SEC or the Financial Accounting
Standards Board regarding income recognition and the treatment of loss
reserves in the mortgage insurance or financial guaranty industries;
vulnerability to the performance of our strategic investments; proceeds we
may receive from a sale of our interests in C-BASS or the assets of C-BASS
or in connection with the exercise of the outstanding option to purchase
our remaining interests in Sherman; legal and other limitations on the
amount of dividends that we may receive from our insurance subsidiaries;
international expansion of our mortgage insurance and financial guaranty
businesses into new markets and risks associated with our international
business activities. For more information regarding these risks and
uncertainties, as well as certain additional risks that we face, investors
should refer to the risk factors detailed in Part I, Item 1A of our annual
report on Form 10-K for the year ended December 31, 2006. We caution you
not to place undue reliance on these forward-looking statements, which are
current only as of the date of this news release. We do not intend to, and
disclaim any duty or obligation to, update or revise any forward-looking
statements made in this news release to reflect new information, future
events or for any other reason.
SOURCE Radian Group Inc.
 back to top
Related links:
http://www.radian.biz/
CONTACT:
Investors, Mona Zeehandelaar of Radian Group
Inc., +1-215-231-1674, mona.zeehandelaar@radian.biz; or Media,
Steve Frankel or Jeremy Jacobs of Joele Frank, Wilkinson Brimmer
Katcher, +1-212-355-4449, for Radian Group Inc.
|
