Radian bought Clayton in 2014, paying a hefty $305 million for the business, a price that many observers thought was a bit rich.

No other mortgage stocks came close but there were strong valuation gains from PennyMac Financial Services, up 60% for the year, and in the mortgage insurance sector.

Private MIs insured $60.97 billion of refinance loans delivered to Fannie and Freddie in 2019, more than triple their total for the prior year.

Overall, 7.25 million shares of Velocity will be offered to the public.

In case you’re keeping track, the Genworth-China Oceanwide deal has been delayed for the 13^th time…

Among other issues, a number of U.S. regulators and entities that had approved the transaction now need to re-approve the deal.

Mat Ishbia of UWM: “We feel great knowing more LOs [loan officers] and consumers are going through the broker channel…”

The deduction for mortgage insurance premiums and a tax break on forgiven mortgage debt had expired at the end of 2017 while funding for the National Flood Insurance Program was set to elapse on Dec. 20.

Mortgage insurer Radian recently modified the severance agreements it has with certain executives, boosting termination pay to 150% from 100%. Of course, this only applies if it’s a “qualifying termination event"...

Thornberry first joined Radian in February 2017. The MI ranks second in insurance-in-force and new insurance written...