Radian Guaranty Inc. · Philadelphia, PA United States
Company Description
Phone: 215-564-6600
Fax: 215-496-0129
Toll Free: 800-523-1988
View Radian Guaranty Inc. Locations On A US Map
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This link will open in a new window Radian Guaranty help residential mortgage lenders sleep better at night. The company is the main mortgage insurance subsidiary of Radian Group , and provides primary and pool private mortgage insurance on residential first-lien mortgages. (Private mortgage insurance is generally required when a loan amount exceeds 80% of the property's value) Its customers include some 3,500 residential lenders in the US. Primary insurance on first-lien mortgages accounts for 90% of Radian Guaranty's sales and accounts for more than half of its parent's revenues. To read the full description, subscribe now.
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Key Radian Guaranty Inc. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 835 |
Radian Guaranty Inc. Executives
11 executives listed for Radian Guaranty Inc.'s Philadelphia, PA location.
| Title | Name & Bio | Contact |
| Chairman | Paul Bognanno | Network |
| President | Teresa Bryce | Network |
| EVP and COO | Jeff Cashmer | Network |
Competition
Competitive Landscape for Radian Guaranty Inc.
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top Radian Guaranty Inc. Competitors
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