Alexander Bond's questions to Radian Group Inc (RDN) leadership • Q3 2024
Question
Alexander Bond of Keefe, Bruyette & Woods inquired about the future issuance cadence for Radian Mortgage Capital and sought details on the $10 million software impairment and the strategic direction of the 'All Other' business segment.
Answer
CEO Rick Thornberry stated that while Radian will not provide forward guidance on issuance, it expects to be a regular issuer as the Radian Mortgage Capital business scales. CFO Sumita Pandit clarified the $10 million software impairment was a one-time item related to the 'All Other' category. Thornberry then provided an update on the businesses within that segment, including the conduit, title, and real estate services, noting a focus on scaling and managing expenses.