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May 16, 2008
Radian Reports First-Quarter Loss
After recording a $106.9 million profit in 2007, the housing slump and credit crunch caused Radian Group Inc. to post a $215.2 million loss for the 2008 first quarter. Claims paid by the Philadelphia-based mortgage and bond insurer rose almost twofold to $190.19 million from $95.82 million in last year's first quarter.
Posted by S. Germain at May 16, 2008 07:52 AM