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Radian Group Inc. Message Board

  • girthner21 girthner21 Nov 12, 2012 8:38 PM Flag

    Commutation information Radian more info

    For reference, AORE, look up the ticker, paid about 65 million to commute 5x (thats 5 times) the amount of bond exposure than what Radian had with FGIC, yes, they both reinsured FGIC insured bonds. AORE indicated that this commuation will hit their financials as a 13 million dollar negative, so if Radian's commutation has the same effect, Not Good. FGIC was taken over by their state regulator and were essentially forced to do these commutations as they were in a similar situation as AMBAC, only worse. I am not bashing, just trying to inform the uninformed as to what other stuff Radian has on their books.

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14.30+0.04(+0.30%)Aug 21 4:00 PMEDT

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