Radian Says Unit May Need Capital as U.S. Mulls Standards
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Radian Group Inc., the insurer whose stock more than doubled this year, said its unit guaranteeing home loans may need additional capital if U.S.-backed housing finance companies tighten their demands.
U.S. regulators are seeking to strengthen an industry that protects against losses at taxpayer-owned Fannie Mae and Freddie Mac, known as government-sponsored enterprises or GSEs. Radian and MGIC Investment Corp. raised capital this year in stock and bond sales after surviving the housing slump that pushed rivals from the business.