<SEC-DOCUMENT>0001157523-18-001833.txt : 20180816
<SEC-HEADER>0001157523-18-001833.hdr.sgml : 20180816
<ACCEPTANCE-DATETIME>20180816163028
ACCESSION NUMBER:		0001157523-18-001833
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180816
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180816
DATE AS OF CHANGE:		20180816

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RADIAN GROUP INC
		CENTRAL INDEX KEY:			0000890926
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		IRS NUMBER:				232691170
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11356
		FILM NUMBER:		181023629

	BUSINESS ADDRESS:	
		STREET 1:		1500 MARKET STREET
		STREET 2:		19TH FLOOR, WEST TOWER
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19102
		BUSINESS PHONE:		2155646600

	MAIL ADDRESS:	
		STREET 1:		1500 MARKET ST
		STREET 2:		19TH FLOOR, WEST TOWER
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19102

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CMAC INVESTMENT CORP
		DATE OF NAME CHANGE:	19960126
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51853919.htm
<DESCRIPTION>RADIAN GROUP INC. 8-K
<TEXT>
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      <font style="font-size: 14pt"><b>UNITED STATES</b></font><br><font style="font-size: 14pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><b>WASHINGTON, DC 20549</b>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 14pt"><b>FORM 8-K</b></font>
    </p>
    <hr style="color: #000000; text-align: center; height: 2.0 pt; width: 100%">


    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt"><b>CURRENT REPORT</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt"><b>Pursuant to Section&#160;13 or 15(d) of</b></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-size: 10pt"><b>The
      Securities Exchange Act of 1934</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt"><b>Date of report (Date of earliest event
      reported) </b></font><b><u><font style="font-size: 10pt">August 16, 2018</font></u></b>
    </p>
    <hr style="color: #000000; text-align: center; height: 2.0 pt; width: 100%">


    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 17pt"><b>Radian Group Inc.</b></font><br><font style="font-size: 10pt"><b>(Exact
      Name of Registrant as Specified in Its Charter)</b></font>
    </p>
    <hr style="color: #000000; text-align: center; height: 2.0 pt; width: 100%">


    <p>

    </p>
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        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 35%">
          <b>Delaware</b>
        </td>
        <td valign="top" style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 30%">
          <b>1-11356</b>
        </td>
        <td valign="top" style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 35%">
          <b>23-2691170</b>
        </td>
      </tr>
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        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 35%">
          <b>(State or Other Jurisdiction</b>

          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>of Incorporation)</b>
          </p>
        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 30%">
          <b>(Commission</b>

          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>File Number)</b>
          </p>
        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 35%">
          <b>(IRS Employer</b>

          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Identification No.)</b>
          </p>
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        </td>
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        </td>
        <td style="width: 35%">
          &#160;
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      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 35%">
          <b>1500 Market Street, Philadelphia, Pennsylvania</b>
        </td>
        <td style="width: 30%">

        </td>
        <td valign="top" style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 35%">
          <b>19102</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 35%">
          <b>(Address of Principal Executive Offices)</b>
        </td>
        <td style="width: 30%">

        </td>
        <td valign="top" style="text-align: center; padding-left: 0.0px; width: 35%">
          <b>(Zip Code)</b>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt"><b>Registrant&#8217;s Telephone Number,
      Including Area Code: </b></font><b><u><font style="font-size: 10pt">(215)
      231-1000</font></u></b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt"><b>(Former Name or Former Address, if
      Changed Since Last Report)</b></font>
    </p>
    <hr style="color: #000000; text-align: center; height: 2.0 pt; width: 100%">


    <p style="text-align: justify; white-space: nowrap">
      <font style="font-size: 10pt">Check the appropriate box below if the
      Form 8-K filing is intended to simultaneously satisfy the filing
      obligation of the registrant under any of the following provisions (</font><i><font style="font-size: 10pt">
      see</font></i><font style="font-size: 10pt">&#160;&#160;General Instruction A.2.
      below):</font>
    </p>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 96%">
          Written communications pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)
        </td>
      </tr>
    </table>
    </div>
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    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 96%">
          Soliciting material pursuant to Rule 14a-12 under the Exchange Act
          (17 CFR 240.14a-12)
        </td>
      </tr>
    </table>
    </div>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 96%">
          Pre-commencement communications pursuant to Rule 14d-2(b) under the
          Exchange Act (17 CFR 240.14d-2(b))
        </td>
      </tr>
    </table>
    </div>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 96%">
          Pre-commencement communications pursuant to Rule 13e-4(c) under the
          Exchange Act (17 CFR 240.13e-4(c))
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: justify">
      <font style="font-size: 10pt">Indicate by check mark whether the
      registrant is an emerging growth company as defined in Rule 405 of the
      Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the
      Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</font>
    </p>
    <p>
      <font style="font-size: 10pt">Emerging growth company </font><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p style="text-align: justify">
      <font style="font-size: 10pt">If an emerging growth company, indicate by
      check mark if the registrant has elected not to use the extended
      transition period for complying with any new or revised financial
      accounting standards provided pursuant to Section 13(a) of the Exchange
      Act. </font><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font><font style="font-size: 10pt">&#160;</font>
    </p>
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          &#160;
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        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap">
      <font style="font-size: 10pt"><b>Item 8.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></font><b><u><font style="font-size: 10pt">Other
      Events</font></u><font style="font-size: 10pt">.</font></b>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt">On August 16, 2018, Radian Group Inc. (the
      &#8220;Company&#8221;) issued a news release announcing that its Board of Directors
      approved a share repurchase program that authorizes the Company to
      purchase up to $100 million of its common stock through July 31, 2019.</font>
    </p>
    <p>
      <font style="font-size: 10pt">A copy of this news release is filed as
      Exhibit 99.1 to this Current Report on Form 8-K and is incorporated
      herein by reference.&#160;&#160;&#160;&#160;</font>
    </p>
    <p style="white-space: nowrap">
      <font style="font-size: 10pt"><b>Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial
      Statements and Exhibits.</b></font>
    </p>
    <p>
      <font style="font-size: 10pt"><b>(d) </b></font><b><i><font style="font-size: 10pt">Exhibits.</font></i></b>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-size: 10pt">99.1&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Radian Group Inc. News
      Release dated August 16, 2018.</font>
    </p>
    <p>

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

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        <div style="text-align: center">

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          <hr style="color: black; height: 1.5pt">

        </div>
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        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 60.0px">
      <font style="font-size: 10pt">Pursuant to the requirements of the
      Securities Exchange Act of 1934, the registrant has duly caused this
      report to be signed on its behalf by the undersigned hereunto duly
      authorized.</font>
    </p>
    <p>

    </p>
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        </td>
        <td valign="bottom" colspan="2" style="text-align: left; padding-left: 0.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>RADIAN GROUP INC.</b></u>
          </p>
        </td>
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        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 57%">

        </td>
        <td valign="bottom" colspan="2" style="text-align: left; padding-left: 0.0px">
          (Registrant)
        </td>
      </tr>
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        <td valign="middle" style="text-align: left; padding-left: 0.0px; width: 57%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 40%">
          &#160;
        </td>
      </tr>
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        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 57%">
          Date: August 16, 2018
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 3%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td valign="bottom" style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; text-align: left; padding-left: 15.0px; width: 40%">
          /s/ J. Franklin Hall
        </td>
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        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 57%">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; width: 3%">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; width: 40%">
          J. Franklin Hall
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 57%">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; width: 3%">

        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; width: 40%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Senior Executive Vice President and Chief
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt"><b>EXHIBIT INDEX</b></font>
    </p>
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    <table style="font-size: 10pt; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px" cellspacing="0">
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        <td valign="bottom" style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; text-align: center; padding-left: 0.0px; width: 8%">
          <b>Exhibit</b><br><b>No.</b>
        </td>
        <td valign="bottom" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px; width: 4%">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid; text-align: left; padding-left: 0.0px; width: 88%">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 88%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 8%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51853919ex99_1.htm">99.1</a>
          </p>
        </td>
        <td valign="bottom" style="text-align: left; padding-left: 0.0px; width: 4%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 88%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <a href="a51853919ex99_1.htm">Radian Group Inc. News Release dated
            August 16, 2018</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51853919ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Radian
      Declares Regular Quarterly Dividend on Common Stock and Approves New
      Share Repurchase Authorization</b></font>
    </p>
    <p>
      PHILADELPHIA--(BUSINESS WIRE)--August 16, 2018--Radian Group Inc.
      announced today that the company&#8217;s Board of Directors approved a regular
      quarterly dividend on its common stock in the amount of $0.0025 per
      share, payable on September 7, 2018, to stockholders of record as of
      August 27, 2018.
    </p>
    <p>
      In addition, the Board of Directors has approved a new share repurchase
      program that enables the company to repurchase its common stock. The
      shares may be purchased in the open market or in privately negotiated
      transactions. The company&#8217;s previous $50 million share repurchase
      program was fully utilized and expired on June 30, 2018.
    </p>
    <p>
      The new authorization provides Radian the flexibility to repurchase
      shares opportunistically from time to time and spend up to $100 million,
      based on market and business conditions, stock price and other factors.
      The authorization is effective immediately and expires on July 31, 2019.
      Radian plans to utilize a Rule 10b5-1 plan, which would permit the
      company to purchase shares, at pre-determined price targets, when it may
      otherwise be precluded from doing so.
    </p>
    <p>
      <b>ABOUT RADIAN</b>
    </p>
    <p>
      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:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Mortgage Insurance</b>, through its principal mortgage insurance
        subsidiary Radian Guaranty Inc. This private mortgage insurance helps
        protect 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%.
      </li>
    </ul>
    <ul>
      <li style="margin-bottom: 10.0px">
        <b>Mortgage and Real Estate Services</b>, through its principal
        services subsidiary Clayton, as well as Entitle Direct, 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.
      </li>
    </ul>
    <p>
      Additional information may be found at <u>www.radian.biz</u>.
    </p>
    <p>
      <b>FORWARD-LOOKING STATEMENTS</b>
    </p>
    <p>
      All statements in this report that address events, developments or
      results that we expect or anticipate may occur in the future are
      &#8220;forward-looking statements&#8221; within the meaning of Section 27A of the
      Securities Act of 1933, Section 21E of the Exchange Act and the U.S.
      Private Securities Litigation Reform Act of 1995. In most cases,
      forward-looking statements may be identified by words such as
      &#8220;anticipate,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;could,&#8221; &#8220;should,&#8221; &#8220;would,&#8221; &#8220;expect,&#8221;
      &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;goal,&#8221; &#8220;contemplate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221;
      &#8220;predict,&#8221; &#8220;project,&#8221; &#8220;potential,&#8221; &#8220;continue,&#8221; &#8220;seek,&#8221; &#8220;strategy,&#8221;
      &#8220;future,&#8221; &#8220;likely&#8221; or the negative or other variations on these words
      and other similar expressions. These statements, which may include,
      without limitation, projections regarding our future performance and
      financial condition, are made on the basis of management&#8217;s current views
      and assumptions with respect to future events. Any forward-looking
      statement is not a guarantee of future performance and actual results
      could differ materially from those contained in the forward-looking
      statement. These statements speak only as of the date they were made,
      and we undertake no obligation to update or revise any forward-looking
      statements, whether as a result of new information, future events or
      otherwise. We operate in a changing environment where new risks emerge
      from time to time and it is not possible for us to predict all risks
      that may affect us. The forward-looking statements, as well as our
      prospects as a whole, are subject to risks and uncertainties that could
      cause actual results to differ materially from those set forth in the
      forward-looking statements. These risks and uncertainties include,
      without limitation, changes in general economic and market conditions
      and factors that may affect the Company&#8217;s ability and willingness to
      repurchase shares under the proposed repurchase program and the
      possibility that the program may be suspended or terminated.
    </p>
    <p>
      For more information regarding these risks and uncertainties as well as
      certain additional risks that we face, you should refer to the Risk
      Factors detailed in Item 1A of our 2017 Form 10-K, and to subsequent
      reports filed from time to time with the SEC. We caution you not to
      place undue reliance on these forward-looking statements, which are
      current only as of the date on which we issued this report. We do not
      intend to, and we disclaim any duty or obligation to, update or revise
      any forward-looking statements to reflect new information or future
      events or for any other reason.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>Radian Group Inc.<br>Emily Riley, 215-231-1035<br><u>emily.riley@radian.biz</u>
    </p>
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