Radian Group (RDN) is likely to move up the date of its capital raise to this evening from after...

|About: Radian Group, Inc. (RDN)|By:, SA News Editor

Radian Group (RDN) is likely to move up the date of its capital raise to this evening from after the close Wednesday, Morgan Stanley and Goldman Sachs have informed investors. The move highlights investor demand for the equity and convertible debt of the insurer (trading at 1.4x book). Radian will use the capital to backstop underwriting of new mortgage insurance.