Eagle Re 2020-1 Ltd

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Some mortgage ILS’ triggered as delinquencies soar due to Covid-19

Three sponsors of mortgage insurance-linked securities (ILS) transactions have warned investors in the mortgage insurance linked notes that elevated loan delinquency levels in May 2020 have triggered their deals. The three sponsors in question are Radian Guaranty, National Mortgage Insurance Corporation and MGIC Investment Corporation, each of which have visited the read the full article →

New $488m Eagle Re 2020-1 mortgage ILS reduces cost-of-capital: Radian

U.S. mortgage insurer Radian Guaranty, part of the Radian Group, has now successfully completed its latest and third mortgage insurance-linked securities (ILS) transaction, with a $488.4 million Eagle Re 2020-1 Ltd. transaction. The arrangement sees Radian Guaranty now benefiting from a new capital markets backed source of excess-of-loss mortgage reinsurance protection, read the full article →

Radian in third mortgage ILS, with $488.4m Eagle Re 2020-1 Ltd.

U.S. mortgage insurer Radian Guaranty, part of the Radian Group, has returned to the capital markets for another slice of mortgage reinsurance from a securitized catastrophe bond like structure, with a $488.4 million Eagle Re 2020-1 Ltd. transaction. It's Radian Guaranty's third venture into the insurance-linked securities (ILS) market for mortgage read the full article →