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Radian Group Inc. (NYSE:RDN) announced Wednesday that its subsidiary, Radian Mortgage Capital LLC, has amended its master repurchase agreement with JPMorgan Chase Bank, N.A. to increase the maximum borrowing capacity from $400 million to $500 million. The agreement’s termination date has also been extended to August 27, 2026.
According to a statement in the company’s latest SEC filing, the repurchase agreement is used to finance the acquisition of residential mortgage loans, which are held for direct sale to mortgage investors or for distribution in the capital markets through securitization. Radian Group continues to guarantee the obligations of Radian Mortgage Capital under the agreement.
The amendment, referred to as Amendment No. 3, maintains all other material terms of the original agreement, including the parent guaranty provided by Radian Group. The company previously disclosed that the maximum borrowing amount had been temporarily increased to $400 million through August 28, 2025. With the new amendment, the limit is now set at $500 million and the facility’s maturity has been extended by one year.
Details of the amendment were included in a press release statement and filed as an exhibit to the company’s Form 8-K with the Securities and Exchange Commission.
Radian Group’s common stock is listed on the New York Stock Exchange under the ticker symbol RDN.
In other recent news, Radian Group Inc . reported its financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved earnings per share of $1.01, exceeding the forecasted $0.98. Additionally, Radian Group reported revenue of $318 million, slightly above the anticipated $316 million. These results highlight the company’s strong performance during the period. In another development, Radian Group announced a regular quarterly dividend of $0.255 per share, which will be paid on September 9, 2025, to stockholders of record as of August 25, 2025. The dividend payment was approved by the company’s Board of Directors. These recent developments indicate Radian Group’s ongoing commitment to delivering shareholder value.
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