{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-022885","form_type":"8-K","ticker":"RDN","cik":"0000890926","company_name":"RADIAN GROUP INC","filed_at":"2024-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.192636+00:00","generated_at":"2026-06-06T10:26:10.694552+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Radian Group guarantees $150M mortgage repurchase facility for subsidiary RMC with Flagstar Bank","bullets":["Radian Mortgage Capital LLC entered a $150M uncommitted Master Repurchase Agreement with Flagstar Bank, expiring Jan 27, 2025.","Radian Group Inc. executed a Parent Guaranty for all obligations of RMC under the facility.","Proceeds will finance RMC's acquisition of residential mortgage loans for sale or securitization.","Financial covenants in Parent Guaranty mirror those in Radian's existing revolving credit facility.","Flagstar has margin maintenance rights if market value of purchased assets declines."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-022885","json":"https://secwatch.observer/filing/0001193125-24-022885.json","markdown":"https://secwatch.observer/filing/0001193125-24-022885.md","text":"https://secwatch.observer/filing/0001193125-24-022885.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/890926/000119312524022885/0001193125-24-022885-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/890926/000119312524022885/d14727d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T10:26:10.694552+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"187a1d5ffca8cf7ff7e544999d33f983a0b71abb","claim":"RADIAN GROUP INC incurred mortgage of $150 million with Flagstar at SOFR for each business day the whole loan asset is held by Flagstar until the da maturing January 27, 2025.","evidence_excerpt":"On January 29, 2024, Radian Group Inc. (the “Company”) entered into a Guaranty Agreement (the “Parent Guaranty”) in favor of Flagstar Bank, N.A. (“Flagstar”) to guaranty the obligations of the Company’s subsidiary Radian Mortgage Capital LLC ( “RMC”) in connection with a $150 million mortgage loan repurchase facility that RMC has entered into with Flagstar pursuant to a Master Repurchase Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/890926/000119312524022885/0001193125-24-022885-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"mortgage"},{"label":"Principal","value":"$150 million"},{"label":"Counterparty","value":"Flagstar"},{"label":"Rate","value":"SOFR for each business day the whole loan asset is held by Flagstar until the da"},{"label":"Maturity","value":"January 27, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c50eb776d8def3fd2c05e633314e78efac7f7e03","claim":"RADIAN GROUP INC entered into Parent Guaranty with Flagstar Bank, N.A. valued at Guaranty of Radian Group Inc. of RMC's obligations under the Master Repurchase Agreement (effective 2024-01-29).","evidence_excerpt":"On January 29, 2024, Radian Group Inc. (the “Company”) entered into a Guaranty Agreement (the “Parent Guaranty”) in favor of Flagstar Bank, N.A. (“Flagstar”) to guaranty the obligations of the Company’s subsidiary Radian Mortgage Capital LLC ( “RMC”) in connection with a $150 million mortgage loan repurchase facility that RMC has entered into with Flagstar pursuant to a Master Repurchase Agreement, as more fully described below (the “Mortgage Financing Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/890926/000119312524022885/0001193125-24-022885-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Flagstar Bank, N.A."},{"label":"Value","value":"Guaranty of Radian Group Inc. of RMC's obligations under the Master Repurchase Agreement"},{"label":"Effective","value":"2024-01-29"}],"fact_type":"material_agreement"},{"claim_id":"f900042b219261e620d438ad07950f25f1570fac","claim":"RADIAN GROUP INC entered into Master Repurchase Agreement with Flagstar Bank, N.A. valued at $150 million mortgage loan repurchase facility (effective 2024-01-29).","evidence_excerpt":"On January 29, 2024, Radian Group Inc. (the “Company”) entered into a Guaranty Agreement (the “Parent Guaranty”) in favor of Flagstar Bank, N.A. (“Flagstar”) to guaranty the obligations of the Company’s subsidiary Radian Mortgage Capital LLC ( “RMC”) in connection with a $150 million mortgage loan repurchase facility that RMC has entered into with Flagstar pursuant to a Master Repurchase Agreement, as more fully described below (the “Mortgage Financing Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/890926/000119312524022885/0001193125-24-022885-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Flagstar Bank, N.A."},{"label":"Value","value":"$150 million mortgage loan repurchase facility"},{"label":"Effective","value":"2024-01-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}