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Radian net improves, but market woes hit operating results

NEW YORK (MarketWatch) — Mortgage insurer Radian Group Inc said Monday its first quarter net income rose, based on unrealized investment and accounting gains, to $195.6 million, or $2.44 a share, compared to $113.5 million, or $1.42 a share a year ago. On an operating basis, the company lost $215.2 million, or $2.69 a share as for the quarter. “The continuation of weak housing and credit markets and these conditions have impacted results in our mortgage insurance and financial guaranty businesses,” Chief Executive Officer S.A. Ibrahim said in a press release.
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Original post by Forextvblog

This entry was posted on Monday, May 12th, 2008 at 8:37 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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