---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-105047"
form_type: "8-K"
ticker: "RDN"
cik: "0000890926"
company_name: "RADIAN GROUP INC"
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T01:07:28.722128+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Radian reduces mortgage loan repurchase facility from $300M to $150M

## Summary
- Repurchase facility for residential mortgage loans reduced from $300M to $150M via Amendment No. 1 dated April 17, 2023.
- Radian Group Inc. reaffirmed its guaranty of subsidiary Radian Mortgage Capital LLC's obligations under the amended MRA.
- Facility remains uncommitted; Bank of Montreal has no obligation to fund purchases under the amended facility.
- Other terms of the Master Repurchase Agreement and Guaranty Agreement remain unchanged.

## SEC filing metadata
- accession: 0001193125-23-105047
- form_type: 8-K
- ticker: RDN
- cik: 0000890926
- company_name: RADIAN GROUP INC
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/890926/000119312523105047/0001193125-23-105047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/890926/000119312523105047/d483884d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-105047
- JSON: https://secwatch.observer/filing/0001193125-23-105047.json
- Plain text: https://secwatch.observer/filing/0001193125-23-105047.txt

## Key facts
- Material Agreements
  RADIAN GROUP INC amended Amendment No. 1 with Bank of Montreal valued at $150 million (effective 2023-04-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of Montreal
  - Value: $150 million
  - Effective: 2023-04-17
  source text: On April 17, 2023, RMC, the Company and BMO entered into Amendment No. 1 (the “Amendment”) to amend the MRA, pursuant to which RMC voluntarily reduced the size of the mortgage loan purchase facility from $300 million to $150 million (as amended, the “Amended MRA”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/890926/000119312523105047/0001193125-23-105047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.