secwatch / observer

RADIAN GROUP INC — fact timeline

Source-grounded facts extracted from RADIAN GROUP INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

RDN RADIAN GROUP INC JSON

Richard G. Thornberry changed role as Strategic Advisor at RADIAN GROUP INC.

“Mr. Thornberry will remain employed by Radian as Strategic Advisor through December 31, 2026 when his employment agreement, amended as described below, terminates in connection with his retirement”

Richard G. Thornberry departed as Chief Executive Officer at RADIAN GROUP INC.

“Mr. Weinbach will succeed Richard G. Thornberry, the Company’s Chief Executive Officer, who will retire as Chief Executive Officer and resign as a member of the Board, in each case effective August 12, 2026.”

Michael Weinbach was appointed as Chief Executive Officer at RADIAN GROUP INC.

“On May 21, 2026, the Board of Directors (the “ Board ”) of Radian Group Inc. (“ Radian ” or the “ Company ”) approved the appointment of Michael Weinbach, 52, as CEO-Elect, effective June 1, 2026, and subsequently as Chief Executive Officer and as a member of the Board, both effective August 13, 2026.”
Earnings Releases

RADIAN GROUP INC reported financial results for the quarter ended March 31, 2026.

“On May 6, 2026, Radian Group Inc. (“Radian”) issued a news release announcing its financial results for the quarter ended March 31, 2026.”
Material Agreements

RADIAN GROUP INC amended Second Amendment to the Everbank MRA with Everbank Bank, N.A. valued at $25 million (effective 2026-03-23).

“The Company and Everbank entered into the Second Amendment to the Everbank MRA on March 23, 2026 to decrease the maximum borrowing amount to $25 million (the "Second Amendment").”
Debt Financings

RADIAN GROUP INC amended revolving credit of $500 million with Royal Bank of Canada, as Administrative Agent at ranges from 1.125% to 2.500% per annum maturing November 4, 2030.

“with their successors and assigns, the “Lenders”). The Credit Agreement provides for an unsecured revolving credit facility with a committed borrowing availability of $500 million (including a standby letter of credit sub-facility of up to $100 million) and also an accordion feature that allows Radian, at its option, to increase the total borrowing”
Governance Changes

RADIAN GROUP INC: Added a forum selection bylaw designating Delaware state and federal courts as exclusive forums for specified internal and securities law claims (effective 2025-09-17).

“On September 17, 2025, the board of directors of the Company (the “ Board ”) approved an amendment to the Company’s Fourth Amended and Restated By-laws (the “ Amended and Restated By-laws ”), effective September 17, 2025.”
Debt Financings

RADIAN GROUP INC amended credit facility of $500 million with JPMorgan Chase Bank, National Association maturing August 27, 2026.

“to JPMorgan Chase Bank, National Association (“JPMorgan”), as administrative agent, effective as of July 22, 2024) to finance the acquisition of mortgage loans and related mortgage loan assets (the “JP Morgan MRA”).”
Debt Financings

RADIAN GROUP INC amended credit facility of $200 million with Goldman Sachs Bank USA maturing August 31, 2025.

“Since July 2022, RMC, Liberty and Goldman have entered into four previously disclosed amendments to the MRA primarily to change the size of the facility, which is currently $200 million, and to extend the termination date of the MRA. On May 30, 2025, RMC, Liberty and Goldman entered into Amendment No. 5 to the MRA (the “Goldman MRA Amendment No. 5”) to further”

Sumita Pandit was appointed as President and Chief Financial Officer at RADIAN GROUP INC.

“Sumita Pandit, currently serving as Senior Executive Vice President, Chief Financial Officer of the Company, will become President and Chief Financial Officer of the Company upon Mr. Brummer’s retirement from his current role”

Derek V. Brummer departed as President, Mortgage Insurance at RADIAN GROUP INC.

“On March 28, 2025, the Company and Mr. Brummer agreed to accelerate the date of Mr. Brummer’s retirement from his current role to April 21, 2025.”

Jed Rhoads was appointed as Director at RADIAN GROUP INC.

“the Board increased the size of the Board from eleven to twelve directors and appointed a new director, Jed Rhoads, to the Board.”

Sumita Pandit was appointed as President and Chief Financial Officer at RADIAN GROUP INC.

“On January 10, 2025, the Board of Directors of the Company appointed Sumita Pandit, currently serving as Senior Executive Vice President, Chief Financial Officer of the Company, to the role of President and Chief Financial Officer of the Company, effective upon Mr. Brummer’s retirement from his current role.”

Derek V. Brummer departed as President, Mortgage Insurance at RADIAN GROUP INC.

“On January 8, 2025, Derek V. Brummer, President, Mortgage Insurance of Radian Group Inc. (the “Company”) provided the Company with notice of his decision to retire from his role and the Company, effective July 3, 2025.”

Brien J. McMahon was terminated as Senior Executive Vice President and Chief Franchise Officer at RADIAN GROUP INC.

“Brien J. McMahon, Senior Executive Vice President and Chief Franchise Officer of Radian Group Inc. (the “Company”) was notified that his position was being eliminated and that his employment would be involuntarily terminated without cause, effective September 13, 2024”

Brien J. McMahon departed as Senior Executive Vice President and Chief Franchise Officer at RADIAN GROUP INC.

“On July 8, 2024, Brien J. McMahon, Senior Executive Vice President and Chief Franchise Officer of Radian Group Inc. (the “Company”) was notified that his position was being eliminated and that his employment would be involuntarily terminated without cause, effective September 13, 2024 (“Termination Date”).”
Material Agreements

RADIAN GROUP INC amended Amendment No. 3 with Bank of Montreal valued at $400 million (effective 2024-04-24).

“On April 24, 2024, RMC, the Company and BMO entered into Amendment No. 3 to the MRA (“Amendment No. 3”) to increase the size of the mortgage loan purchase facility from $150 million to $400 million.”

Mary Dickerson was appointed as Senior Executive Vice President, Chief People and Operating Officer at RADIAN GROUP INC.

“appointed Mary Dickerson, the Company’s Senior Executive Vice President, Chief People Officer, to the role of Senior Executive Vice President, Chief People and Operating Officer, effective April 24, 2024.”
Debt Financings

RADIAN GROUP INC incurred senior notes of $625 million aggregate principal amount at 6.200% maturing 2029.

“(EX-99.1) --- EX-99.1 Exhibit 99.1 OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION The estimated expenses incurred by the Company in connection with its issuance and sale of $625 million aggregate principal amount of 6.200% Senior Notes due 2029, are set forth in the following table: Securities and Exchange Commission Registration Fee $ 92,250 Legal Fees and”
Earnings Releases

RADIAN GROUP INC reported financial results for the quarter and year ended December 31, 2023.

“On February 7, 2024, Radian Group Inc. (“Radian”) issued a news release announcing its financial results for the quarter and year ended December 31, 2023.”
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.

“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”
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).

“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”).”
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).

“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”).”
Governance Changes

RADIAN GROUP INC: Amended bylaws to clarify that number of nominees may not exceed number of directors to be elected and to reserve white proxy card for board use (effective 2023-11-15).

“On November 15, 2023, the Board of Directors of Radian Group Inc. (the “Company”), as part of its regular course review of the Company’s corporate governance documents, approved amendments to the Company’s Amended and Restated By-laws (as further amended, the “Fourth Amended and Restated By-laws”) pertaining to meetings of the Company’s stockholders to: (i) clarify in Section 4.13 of the Fourth Amended and Restated By-laws that the number of nominees a stockholder may nominate may not exceed the number of directors to be elected at the meeting; and (ii) provide in Section 4.14 of the Fourth Amended and Restated By-laws that the proxy card used by any stockholder directly or indirectly soliciting proxies from other stockholders must be a card color other than white (with the white card to be reserved for the exclusive use by the Company’s Board of Directors).”

Gaetano J. Muzio retired as Director at RADIAN GROUP INC.

“On November 13, 2023, Gaetano J. Muzio, a member of the Company’s Board of Directors (the “Board”) since 2012, provided the Company with notice of his intention not to stand for reelection to the Board at the Company’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”) and to retire from the Board at the end of his current term, which will occur at the 2024 Annual Meeting.”
Material Agreements

RADIAN GROUP INC amended Goldman MRA Amendment No. 3 with Goldman Sachs Bank USA (effective 2023-10-27).

“On October 27, 2023, RMC, Liberty and Goldman entered into Amendment No. 3 to the MRA (the “Goldman MRA Amendment No. 3”) to extend the MRA termination date from November 14, 2023 to September 14, 2024.”
Material Agreements

RADIAN GROUP INC entered into Master Repurchase Agreement with Goldman Sachs Bank USA valued at $300 million (effective 2022-07-15).

“on July 15, 2022, Radian Group Inc. (the “Company”) entered into a Guaranty Agreement (the “Parent Guaranty”) in favor of Goldman Sachs Bank USA (“Goldman”) to guaranty the obligations of its subsidiary Radian Mortgage Capital LLC ( “RMC”) and RMC’s wholly-owned subsidiary Radian Liberty Funding LLC (“Liberty”) in connection with a $300 million mortgage loan repurchase facility that RMC and Liberty entered into with Goldman pursuant to that certain Master Repurchase Agreement (the “MRA”), dated July 15, 2022, among Liberty, Goldman and RMC (the “Mortgage Financing Facility”).”
Earnings Releases

RADIAN GROUP INC reported the quarter ended September 30, 2023 results: revenue $314, net income $157 million, EPS $0.98 per diluted share.

“$1.20 per diluted share. Key Financial Highlights Quarter ended ($ in millions, except per-share amounts) September 30, 2023 June 30, 2023 September 30, 2022 Total revenues (1) $314 $290 $296 Net income $157 $146 $198 Diluted net income per share $0.98 $0.91 $1.20 Consolidated pretax income $201 $183 $255 Adjusted pretax operating income (2) $210 $184 $273”
Material Agreements

RADIAN GROUP INC amended Amendment No. 2 with Bank of Montreal (effective 2023-09-27).

“On September 27, 2023, RMC, the Company and BMO entered into Amendment No. 2 to the MRA to extend the MRA termination date from September 27, 2023 to September 25, 2024.”
Material Agreements

RADIAN GROUP INC amended Master Repurchase Agreement Amendment No. 2 with Goldman Sachs Bank USA valued at Extended MRA termination date to November 14, 2023; facility size $100 million; other terms unchange (effective 2023-09-14).

“On September 14, 2023, RMC, Liberty and Goldman entered into Amendment No. 2 to the MRA (the “Goldman MRA Amendment No. 2”) to extend the MRA termination date from September 14, 2023 to November 14, 2023. In all other respects the terms of the Mortgage Financing Facility, including the Parent Guaranty and the RMC Guaranty, remain unchanged.”

Anne Leyden was appointed as director at RADIAN GROUP INC.

“the Board increased the size of the Board from eleven to twelve directors and appointed a new director, Anne Leyden, to the Board.”
Earnings Releases

RADIAN GROUP INC reported the quarter ended June 30, 2023 results: net income $146 million, EPS $0.91 per diluted share.

“Radian Group Inc. (NYSE: RDN) today reported net income for the quarter ended June 30, 2023, of $146 million, or $0.91 per diluted share.”
Material Agreements

RADIAN GROUP INC amended Amendment No. 1 to the Master Repurchase Agreement with Goldman Sachs Bank USA valued at reduced from $300 million to $100 million (effective 2023-07-13).

“On July 13, 2023, RMC and Liberty entered into Amendment No. 1 to the MRA (the “Goldman MRA Amendment”) to extend the MRA termination date from July 14, 2023 to September 14, 2023 and to voluntarily reduce the size of the Mortgage Financing Facility from $300 million to $100 million.”

Robert J. Quigley changed role as Interim Principal Financial Officer at RADIAN GROUP INC.

“Robert J. Quigley, while continuing to serve in his role as Radian’s Controller and Chief Accounting Officer, had been designated as the Company’s interim principal financial officer since December 14, 2022.”

Sumita Pandit was appointed as Senior Executive Vice President and Chief Financial Officer at RADIAN GROUP INC.

“On May 17, 2023, the Board of Directors of Radian Group Inc. (the “Company”) appointed Sumita Pandit as Senior Executive Vice President and Chief Financial Officer (principal financial officer), effective immediately.”
Earnings Releases

RADIAN GROUP INC reported the quarter ended March 31, 2023 results: revenue $311 million, net income $158 million, EPS $0.98 per diluted share.

“First Quarter 2023 Financial Results — Primary mortgage insurance in force increases 5% year-over-year to $261.5 billion — — Total revenues increase 6% year-over-year to $311 million — — Total holding company liquidity grows to $1.2 billion, including benefit from $100 million ordinary dividend paid by Radian Guaranty — — PMIERs excess Available Assets of”
Material Agreements

RADIAN GROUP INC amended Amendment No. 1 with Bank of Montreal valued at $150 million (effective 2023-04-17).

“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”).”
Material Agreements

RADIAN GROUP INC amended First Amendment with Royal Bank of Canada, as Administrative Agent, U.S. Bank National Association, as Syndication Agent, RBC Capital Markets and U.S. Bank as Joint Lead Arrangers and Joint Book Runners, Associated Bank, National Association, as Documentation Agent, and certain other banks and financial institutions ser (effective 2023-04-12).

“On April 12, 2023, Radian Group Inc. ("Radian") entered into the First Amendment ("First Amendment") to its $275 million unsecured revolving credit facility dated December 7, 2021 with Royal Bank of Canada, as Administrative Agent (the "Agent"), U.S. Bank National Association ("U.S. Bank"), as Syndication Agent, RBC Capital Markets and U.S. Bank as Joint Lead Arrangers and Joint Book Runners, Associated Bank, National Association, as Documentation Agent, and certain other banks and financial institutions serving as lenders (the "Credit Agreement" and as amended by the First Amendment, the "Amended Credit Agreement").”

Fawad Ahmad was appointed as Director at RADIAN GROUP INC.

“the Board increased the size of the Board from ten to eleven directors and appointed a new director, Fawad Ahmad, to the Board.”
Earnings Releases

RADIAN GROUP INC reported financial results for the quarter and year ended December 31, 2022.

“On February 8, 2023, Radian Group Inc. (“Radian”) issued a news release announcing its financial results for the quarter and year ended December 31, 2022.”

J. Franklin Hall was terminated as Chief Financial Officer at RADIAN GROUP INC.

“On December 15, 2022, Radian Group Inc. (the “Company”) reported that J. Franklin Hall was no longer serving as the Company’s Chief Financial Officer (principal financial officer), effective December 14, 2022.”

Robert J. Quigley was appointed as interim principal financial officer at RADIAN GROUP INC.

“Effective immediately, Robert J. Quigley, age 51, the Company’s Executive Vice President, Controller and Chief Accounting Officer, will report to Richard Thornberry, the Company’s Chief Executive Officer, and will serve as the Company’s interim principal financial officer while the Company is conducting its search for a new Chief Financial Officer.”

J. Franklin Hall departed as Senior Executive Vice President and Chief Financial Officer at RADIAN GROUP INC.

“Effective December 14, 2022, J. Franklin Hall, Senior Executive Vice President and Chief Financial Officer (“Chief Financial Officer”) of Radian Group Inc. (the “Company”), is no longer serving as the Company’s Chief Financial Officer (principal financial officer).”
Governance Changes

RADIAN GROUP INC: Amended by-laws related to stockholder meetings, including remote communications, stockholder list inspection, and compliance with Universal Proxy Rule (effective 2022-11-09).

“On November 9, 2022, the Board of Directors of Radian Group Inc. (the “Company”), as part of its regular course review of the Company’s corporate governance documents, approved amendments to the Company’s by-laws related to meetings of the Company’s stockholders to: (i) reflect that written notice of a stockholder meeting will include the means of remote communications, if any, by which the meeting will be held (by-law Section 2.03); (ii) provide that a list of the Company’s stockholders will be made available for inspection by stockholders during the 10 days before a meeting of stockholders (by-law Section 3.09); and (iii) address matters relating to Rule 14a-19 (the “Universal Proxy Rule”) under the Securities Exchange Act of 1934, including (a) a requirement that, upon request by the Company, a stockholder seeking to nominate director(s) at an annual meeting deliver to the Company, no later than five business days prior to the applicable meeting of stockholders, reasonable evidence”
Earnings Releases

RADIAN GROUP INC reported quarter ended September 30, 2022 results: net income $198.3 million, or $1.20 per diluted share, EPS $1.20 per diluted share.

“On November 2, 2022, Radian Group Inc. (“Radian”) issued a news release announcing its financial results for the quarter ended September 30, 2022.”

Howard B. Culang was appointed as Non-Executive Chairman at RADIAN GROUP INC.

“Mr. Culang will assume the role of Non-Executive Chairman of the Board effective December 22, 2021.”

Herbert Wender retired as Non-Executive Chairman at RADIAN GROUP INC.

“On December 22, 2021, Herbert Wender, the Non-Executive Chairman of the board of directors (the “Board”) of Radian Group Inc. (the “Company”) notified the Company of his personal decision to accelerate the date of his retirement from the Board to December 22, 2021.”

Howard B. Culang was appointed as Non-Executive Chairman at RADIAN GROUP INC.

“the Board named Howard B. Culang to succeed Mr. Wender as Non-Executive Chairman following Mr. Wender’s retirement from the Board.”

Herbert Wender departed as Non-Executive Chairman at RADIAN GROUP INC.

“Herbert Wender, the Non-Executive Chairman of the Board who has been a director of the Company since 1992, announced that he intends to retire from the Board following completion of his current term at the Company’s 2022 Annual Meeting of Stockholders.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.