Radian Group Inc. has announced a significant update to its financial arrangements involving its subsidiary, Radian Mortgage Capital LLC $(RMC.AU)$. The company has entered into Amendment No. 2 of the JP Morgan Master Repurchase Agreement (MRA), allowing a temporary increase in the maximum borrowing amount to $400 million through June 30, 2025. This extension has been further prolonged by JPMorgan until August 28, 2025. The amendment reaffirms Radian's commitment under the Parent Guaranty, while other terms of the agreement remain unchanged. This financial maneuver supports RMC's acquisition of residential mortgage loans and their distribution in capital markets.
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