secwatch.observer — SEC 8-K summary
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Issuer:     RADIAN GROUP INC (RDN)
CIK:        0000890926
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001193125-24-022885
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890926/000119312524022885/0001193125-24-022885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890926/000119312524022885/d14727d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-022885

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