Radian Group Inc. (NYSE:RDN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Radian Group Inc. (NYSE:RDN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On September 14, 2017, Brian D. Montgomery, a member of the Board of Directors of Radian Group Inc. (the “Company”), was nominated by President Trump to serve as Commissioner of the Federal Housing Administration (FHA).Mr. Montgomery’s appointment to this position is subject to ratification and confirmation by the U.S. Senate (the “Confirmation”). Also on September 14, 2017, Mr. Montgomery notified the Company that he intends to resign from the Company’s Board of Directors, effective upon his Confirmation.
About Radian Group Inc. (NYSE:RDN)
Radian Group Inc. is a holding company that provides mortgage insurance, and products and services to the real estate and mortgage finance industries. The Company operates in two segments: Mortgage Insurance and Services. The Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance to mortgage lending institutions. The Services segment provides outsourced services, information-based analytics and specialty consulting for buyers and sellers of, and investors in, mortgage- and real estate-related loans and securities, as well as other asset-backed securities (ABS). It also offers mortgage insurance products, such as primary mortgage insurance and pool insurance. Its Services segment is engaged in offering loan review and due diligence; surveillance; valuation and component services; real estate owned (REO) management services, and services for the United Kingdom and European mortgage markets through its EuroRisk operations.
