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What: Shares of mortgage insurer Radian Group
So what: Analysts were expecting Radian to post a loss, but a much smaller loss than it ended up reporting. Radian's bottom line was in the red to the tune of $8.55 per share. The loss was driven by changes in the value of derivatives, losses on other financial instruments, a hefty tax adjustment, and continued struggles with insurance losses.
Now what: While the magnitude of the loss may have been a surprise, nobody should have been shocked at the general tenor of Radian's report. Just yesterday, we heard from Genworth Financial
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Fool contributor Matt Koppenheffer owns shares of Genworth Financial, but does not own shares of any of the other companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter @KoppTheFool or on his RSS feed. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.