---
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"
generated_at: "2026-06-06T10:26:10.694552+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Radian Group guarantees $150M mortgage repurchase facility for subsidiary RMC with Flagstar Bank

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-022885
- JSON: https://secwatch.observer/filing/0001193125-24-022885.json
- Plain text: https://secwatch.observer/filing/0001193125-24-022885.txt

## Key facts
- Debt Financings
  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.
  - Instrument: mortgage
  - Principal: $150 million
  - Counterparty: Flagstar
  - Rate: SOFR for each business day the whole loan asset is held by Flagstar until the da
  - Maturity: January 27, 2025
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/890926/000119312524022885/0001193125-24-022885-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Flagstar Bank, N.A.
  - Value: Guaranty of Radian Group Inc. of RMC's obligations under the Master Repurchase Agreement
  - Effective: 2024-01-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/890926/000119312524022885/0001193125-24-022885-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Flagstar Bank, N.A.
  - Value: $150 million mortgage loan repurchase facility
  - Effective: 2024-01-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/890926/000119312524022885/0001193125-24-022885-index.htm

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