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09/28/2018
Radian Announces Ability to Comply with PMIERs 2.0
-- Company expects to maintain substantially the same excess of
Available Assets over Minimum Required Assets under PMIERs 2.0 as it had
on
Radian expects to comply with PMIERs 2.0 as of the effective date of
“Radian is well positioned to maintain compliance with PMIERs 2.0, which
provides a strong risk-based capital framework for our mortgage
insurance industry and helps us to support our customers in providing
affordable, sustainable homeownership opportunities,” said Radian Chief
Executive Officer
The PMIERs 2.0 requirements may be found on the FHFA’s website at www.fhfa.gov.
ABOUT RADIAN
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Mortgage Insurance , through its principal mortgage insurance subsidiaryRadian Guaranty Inc. This private mortgage insurance helps protect lenders from default-related losses, facilitates the sale of low-downpayment mortgages in the secondary market and enables homebuyers to purchase homes more quickly with downpayments less than 20%.
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Mortgage and Real Estate Services, through its principal services
subsidiary Clayton, as well as Entitle Direct,
Green River Capital ,Red Bell Real Estate and ValuAmerica. These solutions include information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities.
Additional information may be found at www.radian.com.
FORWARD-LOOKING STATEMENTS
All statements in this report that address events, developments or results 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 Exchange Act and the U.S. Private Securities Litigation Reform Act of 1995. In most cases, forward-looking statements may be identified by words such as “anticipate,” “may,” “will,” “could,” “should,” “would,” “expect,” “intend,” “plan,” “goal,” “contemplate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue,” “seek,” “strategy,” “future,” “likely” or the negative or other variations on these words and other similar expressions. These statements, which may include, without limitation, projections regarding our future performance and financial condition, are made on the basis of management’s current views and assumptions with respect to future events. Any forward-looking statement is not a guarantee of future performance and actual results could differ materially from those contained in the forward-looking statement. These statements speak only as of the date they were made, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. We operate in a changing environment where new risks emerge from time to time and it is not possible for us to predict all risks that may affect us. The forward-looking statements, as well as our prospects as a whole, are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. These risks and uncertainties include, without limitation, the possibility that we may fail to estimate accurately our Available Assets and Minimum Required Assets under PMIERs 2.0, which will be impacted by, among other things, the size and mix of our insurance in force, the level of defaults in our portfolio and the level of cash flow generated by our insurance operations.
For more information regarding these risks and uncertainties as well as
certain additional risks that we face, you should refer to the Risk
Factors detailed in Item 1A of our 2017 Form 10-K, and to subsequent
reports filed from time to time with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20180928005155/en/
Source:
Radian
Emily Riley – Phone: 215.231.1035
Email:
emily.riley@radian.com