Radian Stockholders at Annual Meeting Re-elect Directors, Approve Executive Compensation and All Other Proposals; Company Declares Regular Quarterly…

Real Estate Weekly News

Radian Stockholders at Annual Meeting Re-elect Directors, Approve Executive Compensation and All Other Proposals; Company Declares Regular Quarterly Dividend on Common Stock

By a News Reporter-Staff News Editor at Real Estate Weekly News -- Radian Group Inc. announced that its stockholders re-elected ten directors, who serve one-year terms and are re-elected annually. The company's stockholders approved all proposals recommended by the board of directors and presented for vote at Radian's 2016 Annual Meeting, including an advisory proposal on Radian's executive compensation and a re-approval of Radian's tax benefit preservation strategy.

Radian also announced that the company's Board of Directors approved a regular quarterly dividend on its common stock in the amount of $0.0025 per share, payable on June 6, 2016 to stockholders of record as of May 23, 2016.

Chief Executive Officer S.A. Ibrahim addressed the attendees of Radian's Annual Meeting by stating, "For nearly 40 years, Radian has helped millions of families achieve their homeownership dream. Last year, we delivered strong financial results and positioned Radian for future success as a simplified company with a clear strategic focus on our core strengths. Looking ahead, we believe we are better positioned to drive long-term value than ever before." ABOUT RADIAN Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance, risk management products and real estate services to financial institutions. Radian offers products and services through two business segments: Mortgage Insurance, through its principal mortgage insurance subsidiary Radian Guaranty Inc. This private mortgage insurance protects lenders from default-related losses, facilitates the sale of low-downpayment mortgages in the secondary market and enables homebuyers to purchase homes more quickly with downpayments less than 20%. Mortgage and Real Estate Services, through its principal services subsidiary Clayton, as well as Green River Capital, Red Bell Real Estate and ValuAmerica. These solutions include information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities.

Keywords for this news article include: Real Estate, Radian Group Inc., Investment and Finance, Private Mortgage Insurance.