- We "anticipate increased competition in our industry from new and existing mortgage insurance companies," says Radian (RDN -6.2%) CEO S.A. Ibrahim. "Competitors recently reduced their borrower-paid mortgage insurance premiums by 5 basis points, which we promptly matched.”
- Radian's Q3 results
- Backed by heavyweights Soros, Goldman, and JPMorgan, Essent Group (ESNT -0.6%) came public last week, while NMI Holdings - backed by Carlyle, Kyle Bass, and BlueMountain - also contemplates an IPO.
- Others taking a hit today: MGIC Investment (MTG -3.8%), and Genworth (GNW -2.2%)