Demand Propels Home Prices Upward 2 days ago About Author: Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Congressman Responds to House Subcommittee Bill, Says GSE Funds Should Go To Reduce Deficit Next: Ocwen Reports Preliminary Net Income of $34 Million for Q1 The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Tagged with: Clayton Holdings Earnings Statements Profits Radian Subscribe Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Credit Trends in Mortgage Insurance Drive Strong Q1 for Radian Clayton Holdings Earnings Statements Profits Radian 2015-04-30 Brian Honea Share Save Philadelphia-based Radian reported $9.4 billion in new mortgage insurance written (NIW) and $172.1 billion in total primary mortgage insurance in force during Q1, according to the company’s First Quarter 2015 Financial Results released Thursday. Both figures represented year-over-year increases up from $6.8 billion and $162.4 billion, respectively.”We delivered strong results for Radian in the first quarter, driven primarily by outstanding credit trends in our mortgage insurance business,” Radian CEO S.A. Ibrahim said. “The last 12 months have been a turning point for Radian, as we’ve eliminated a significant portion of our legacy risk and therefore simplified our company with a focus on our core strengths. Today, we are better positioned to drive long-term value, both from our large and growing mortgage insurance portfolio and by broadening our future sources of revenue through our new mortgage and real estate services businesses.”Refinance activity spiked by 15 percentage points year-over-year in Q1, comprising 33 percent of NIW – compared to 18 percent for the same quarter in 2014 and 22 percent in Q4 2014.Radian took some important steps in growth and diversification strategy in the last year, namely the acquisition in June 2014 of Connecticut-based Clayton Holdings, a leading provider of loan due diligence, surveillance, REO management, and consulting services to the mortgage and real estate industries. Clayton’s operations comprise much of Radian’s Mortgage and Real Estate Services Segment. Subsequently, in March 2015, Clayton acquired Utah-based real estate brokerage firm Red Bell Real Estate and its sister company, Main Street Valuations, in order to expand its product offerings in the real estate market.Overall, Radian reported revenues of $290.7 million in Q1, which was a 13 percent increase from the same quarter a year ago ($258.2 million). The company’s net income, however, experienced a 37 percent drop year-over-year in Q1 from $146.0 million ($0.68 per diluted share) down to $91.7 million ($0.39 per diluted share). Radian’s book value per share jumped by 89 percent from $6.10 in Q1 2014 up to $11.53 in Q1 2015. The company’s figures for Q1 last year, which ended March 31, 2014, do not include the company’s acquisition of Clayton Holdings, which was finalized in June 2014.Radian’s total number of delinquent mortgage loans in its portfolio by 24 percent year-over-year in Q1 and by 11 percent from the fourth quarter of 2014. The primary mortgage insurance delinquency rate fell by 4.6 percent quarter-over-quarter and by 6.3 percent year-over-year in Q1, according to Radian’s announcement.Click here to see Radian’s full Q2 2015 results. Demand Propels Home Prices Upward 2 days ago Print This Post April 30, 2015 1,185 Views Home / Daily Dose / Credit Trends in Mortgage Insurance Drive Strong Q1 for Radian Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily
By Carolina Contreras/Diálogo October 03, 2016 Si van a refritar una nota… Por lo menos tomen recaudos. Que es eso de “con una tripulaciÃ³n de 300 marineros”????Entre las ocho unidades y dos aeronaves sumaban mas de 300 personas, dotaciones las cuales estÃ¡n compuestas por personal de Oficiales y Suboficiales. Gracias. Atte. Three hundred service members, eight ships, and two aircraft from the Argentine and Chilean navies participated from August 22nd -26th in the Viekaren XVI combined naval exercise in the Beagle Channel, located in Puerto Williams, off the southernmost tip of Chile. Viekaren aims to train the navies’ Maritime Search and Rescue (SAR) capacities through the interoperability of both, Chilean and Argentine aircraft, and the establishment of joint procedures that will allow them to respond to any possible maritime emergency in the region. An increase in maritime traffic in the Antarctic and surrounding areas as a result of tourism, logistical support, and research ships have required the Argentine and Chilean navies to be ready for possible emergencies in the area. “That is why this exercise has a fundamental relevance that allows us to be prepared for any contingency that may occur,” said Captain Patricio Espinoza, commander of the Beagle Naval District and maritime governor of Puerto Williams. The challenge for Viekaren, the only bilateral naval exercise held at the southernmost tip of the Americas, is to improve the response capacity and coordination of the two navies by simulating mock emergency scenarios that involve, among others, humanitarian aid, naval control of maritime traffic, and maritime search and rescue. Participants also practiced combined daytime and nighttime diving and how to respond in case of marine contamination. While “there has been no type of contamination or large ships being grounded in the Beagle Channel, we should be prepared for an occasion in which we may have to act as a combined force,” said Capt. Espinoza. Viekaren, which means “trust” in the Yagán language of the Selknam people who live in the region, has been held annually since 1999. It falls within the framework of the Treaty of Peace and Friendship signed by Chile and Argentina in 1984, which, among other things, establishes sovereignty and shared responsibilities in the Beagle Channel. It also promotes good bilateral relations. 2016 deployment The 16th version of Viekaren was led by the Chilean Navy under the leadership of Capt. Espinoza and consisted of the mock accident of a boat carrying passengers from Antarctica to Ushuaia, Argentina. “Every year we have to come up with new cases of possible emergencies, as real as possible, and we continue increasing the difficulty level,” noted Capt. Espinoza. During the five-day training, various mock emergency situations unfolded in a 1,000 square mile area of the Beagle Channel, where the crew practiced leading rescue operations and making decisions about topics ranging from the planning to the tactical level. A combined air evacuation operation between the Chilean UH-05 naval helicopter, an Argentine tugboat, and an Argentine B-200 airplane was included in the exercise for the first time this year. The exercise included the evacuation of a mock victim in need of medical assistance from Puerto Williams, Chile, to Ushuaia. “This required a good amount of coordination and joint procedures, so we were able to increase the capacity to interoperate between the two crews even more,” said Captain Gabriel Galeazzi, chief of staff of the Southern Naval Area of Argentina. This year, the Argentine Navy included a Beechcraft B-200 maritime exploration aircraft in the exercise. Chile, meanwhile, deployed a PSG-73 Isaza General Service Patrol Vessel, the Alacalufe LSG-1603 and Hallef LSG-1604 general service boats, among others. Participants also trained to improve their SAR capacities during the deployment and creation of barriers against pollution, fire and flooding of a vessel, as well as combined nighttime diving by the Rescue Diving Unit of the Beagle Naval District and the Southern Naval District. “We have demonstrated that we are capable of operating with no problem, that we know each other, and that with all these years of experience, we have been able to improve our procedures and standardize our operability,” said Capt. Espinoza. “We completed everything we had planned, and we finished up with zero injuries and zero damage to the units,” added Capt. Galeazzi. Next year, Argentina will lead the Viekaren exercise, and Capt. Galeazzi anticipates that to increase the complexity of the training they will simulate a cruise ship accident, which would involve a greater number of people and a larger ship. “We have to be prepared for any emergency scenario,” he concluded.
48SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Bo McDonald Bo McDonald is president of Your Marketing Co. A marketing firm that started serving credit unions nearly a decade ago, offering a wide range of services including web design, branding, … Web: yourmarketing.co Details “Is there any way I might get washed down the drain when I take a bath?” Fred Rogers answered that question as well as countless others in his neighborhood. He answered concerns about divorce when it was a subject not publicly dealt with, It was only one of several topics deemed too heavy or taboo for children’s programming. When the goldfish we’d watched every day on his show died? Mr. Rogers talked us through it. Sometimes, he even took on questions we might have been afraid to ask. He helped calm our fears during times of war and ease the pain of losing a friend who moved.Mr. Rogers and the staff of his show seemed to do a great deal of research to address the fears of children. The serious, uncomfortable issues adults didn’t want to discuss, or the trivial issues parents might often dismiss or laugh off, Mr. Rogers took seriously. He asked us what our pain points were. Then he offered the best solution he could.How would he handle credit unions? By answering questions. Ask any financial expert why people struggle with money today. One of the top answers will always be the lack of financial knowledge. How can something as easy as basic math be a stumbling block for so many? Because it’s less about math and more about emotion. Whether your bank account is a way for you to keep a roof over your head, pay your bills, or have a trophy for a job well done, money is always personal.Why do credit unions, who use the rallying cry “people helping people,” do such a poor job of answering members’ questions about finance? It doesn’t matter how silly we think they are or how many times we have already covered them. The requests are important to our members and they want to know the answers. We market our products and services using lots of industry lingo, assuming that the consumer already knows the value proposition—and you know what assuming does.Perhaps in 2016, it’s time to take a page out of Mr. Rogers’ playbook. Start a conversation with your members, expecting that they have no idea who you are, or why they should care about your credit union (because, honestly, they probably don’t.)A recent survey asked consumers what they wanted to know about money, but had been too afraid to ask:Why can’t I ever seem to save any money?Why should I pay off my credit card in full each month, when I can just pay the minimum balance?How should I invest my money?I have two loans: one small one at 5% and one large one at 21%. Which one should I pay off first? The small one, right?Will I have enough money to retire?Somebody told me about a great opportunity to make lots of money. Is it a scam?I’m really trying to impress my new girlfriend. Got any ideas for a great cheap date?How will doing XX affect my credit score?How much is my house worth?Why can’t I get a loan when I don’t have a job?Stop overthinking (or underthinking) your marketing message. Start talking in the terms your consumers use. You have the same products (maybe with some variances) other financial institutions have. But, if you begin with answering the basic questions that members have, you become the credible advisor and win their trust and loyalty. Do Mr. Rogers proud. Answer the question.
6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr A massive survey (McKinseyQuarterly.com) of corporate directors found that the “average” director knows far more about their company’s finances than they do about risks facing the corporation or the dynamics of the company’s industry.Their findings are highlighted below:The survey was not directed at the credit union industry, but the findings are still useful. And the findings shouldn’t be that surprising.What portion of your board book is devoted to financials? And what portion is devoted to the risks that you face? The dynamics of our industry? How is value created in a credit union?So here’s a thought: ask your board these five questions. continue reading »