Radian beats estimates on lower-than-expected loan losses
Refi mortgage application share rises above 50% Refinance share widened to 49.4 percent from 43.1 percent a week earlier and 36.5 percent a year earlier. The 14.3 percent rate-term share included in this week’s total was the widest since the week ended jan. 19, while the 35.0 percent cashout share was the widest on record since the Mortgage Market Index launched in late 2009.
Notably, Radian Group has long-term expected earnings per share growth of 5.0%. An Outperformer: Shares of Radian Group have improved 3.5% quarter to date, outperforming the industry’s loss..
SoFi’s loan losses pile up as even wealthy borrowers default For SoFi, the loans backing these bonds averaged more than $35,000, according to Kroll Bond Rating Agency, mature in as long as seven years, and don’t have any collateral, meaning defaults can result in relatively high losses for lenders. The borrowers had annual salaries averaging around $130,000, and most were prime credits.
Radian Group (RDN) Q3 Earnings Miss, Revenues Beat – Radian Group continues to benefit from positive credit trends including decline in total number of delinquent loans, high quarterly. PGR and MGIC Investment Corp. MTG beat their respective Zacks.
Mobily also posted lower than expected. beat estimates by 4 percent, as ENBD reported Q2, 16 net profit of Dh1.9bn (+16 percent YoY) higher than estimated median of Dh1.8bn, due to 31 percent.
FBR Capital Markets Corp. Radian beats estimates on lower-than-expected loan losses Radian Group’s second-quarter earnings beat consensus estimates because of lower loan loss provisions than forecast, along with record new mortgage insurance written. Earnings.
Primary delinquent loans decreased 21% year over year in the quarter. Total expenses were down 30.7% year over year to $173.6 million, primarily due to lower loss on induced. Corp. MTG beat their.
Radian Group Inc. is an excellent investment opportunity. Both technical and all parts of fundamental analysis, including peer, financial analysis and valuation, show, that the stock price is.
B.Riley FBR analyst Randy Binner maintained a Hold rating on Radian Group (NYSE: RDN) today and set a price target of $22.The company’s shares closed yesterday at $22.07. Binner noted: “RDN (Neutral, $22 PT) reported 4Q17 operating EPS of $0.51, versus FBR’s estimate of $0.44 and consensus estimate.
Lender with ties to Warren Buffett backs a loan for manufactured homes Clayton Homes, the manufactured-housing business owned by Warren Buffett’s Berkshire Hathaway Inc., uses aggressive sales and lending practices that traps some borrowers in homes that are difficult to resell, the Seattle Times reported.
In spite of only 10-20% of current mortgage volume having mortgage insurance. rate of 1.91% and mature in 7 years. Radian saw its operating income beat many expectations primarily due to its.
Wall St. Expectations: Radian Group Inc. reported adjusted EPS loss of $-1.34 per share. By that measure, the company missed the mean analyst estimate of $-0.50. It beat the average revenue..
Toronto home prices in record monthly drop as sales plunge Montreal posts record August home sales as average prices rise 4.1 per cent – Montreal’s hot real estate market continued to sizzle last month with record august sales and rising prices. The last monthly drop in sales took place in February 2015. That’s far different than in.
· $0.71. The material "beat" to our estimate was due to a significantly lower loan loss provision (LLP). The LLP was $3.4 billion versus our estimate of $6.2 billion and the prior quarter’s $7.0 billion. Increasing our 2010 and 2011 EPS Estimates: Reflecting the quarter’s results
Radian Group Inc.’s RDN fourth-quarter 2017 operating income of 51 cents per share beat the Zacks Consensus Estimate by 15.91%. The bottom line also improved 24.4% year over year. Radian Group Inc. Price, Consensus and EPS Surprise Radian Group Inc. Price, Consensus and EPS Surprise | Radian Group.