Mortgage insurer Radian Group plans to lay off 70 employees in Pennsylvania in September, focused on aligning expenses with market opportunities.
Over the last few months, we have been highly focused on aligning our expenses to reflect the market opportunity we see for each business.
As a result, we have streamlined areas of our technology team and various other areas to attain operational efficiency.
Radian has been a profitable business, delivering net income of $152 million in the second quarter of 2024.
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