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Mortgage insurer Radian posts massive quarterly loss

Mortgage insurer Radian posts massive quarterly loss

This is a discussion on Mortgage insurer Radian posts massive quarterly loss within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; PHILADELPHIA - Radian Group Inc., whose primary business is insuring mortgages against defaults, on Friday posted a massive loss for ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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02-15-2008, 10:14 PM

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Mortgage insurer Radian posts massive quarterly loss

PHILADELPHIA - Radian Group Inc., whose primary business is insuring mortgages against defaults, on Friday posted a massive loss for the fourth quarter as the nation's housing crisis continued to hurt the company's bottom line.

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