# EDGAR Filing Document

**Accession Number:** 0000890926
**File Stem:** 0001193125-26-126293
**Filing Date:** 2026-3
**Character Count:** 19255
**Document Hash:** 655d43c56886e5c6d4e5b442b4d99674
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-126293.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0001193125-26-126293

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20260323

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RADIAN GROUP INC
- **CENTRAL INDEX KEY:** 0000890926
- **STANDARD INDUSTRIAL CLASSIFICATION:** SURETY INSURANCE [6351]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 232691170
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-11356
- **FILM NUMBER:** 26798495

**BUSINESS ADDRESS:**
- **STREET 1:** 550 EAST SWEDESFORD ROAD
- **STREET 2:** SUITE 350
- **CITY:** WAYNE
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 2155646600

**MAIL ADDRESS:**
- **STREET 1:** 550 EAST SWEDESFORD ROAD
- **STREET 2:** SUITE 350
- **CITY:** WAYNE
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CMAC INVESTMENT CORP
- **DATE OF NAME CHANGE:** 19960126

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, DC 20549

### FORM 8-K

#### CURRENT REPORT

#### Pursuant to Section 13 OR 15(d)

#### of The Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): March 23, 2026

## Radian Group Inc.

#### (Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **1-11356** | **23-2691170** |
| **(State or Other Jurisdiction**<br> **of Incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

---

#### 550 East Swedesford Road, Suite 350

#### Wayne, Pennsylvania, 19087

#### (Address of Principal Executive Offices, and Zip Code)
(215) 231-1000

#### (Registrant's Telephone Number, Including Area Code)

#### (Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<u>see</u> General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| Common Stock, $0.001 par value per share | RDN | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| **Item 1.01.** | **Entry into a Material Definitive Agreement.**  |

---

As previously disclosed, Radian Mortgage Capital LLC ("RMC"), a subsidiary of Radian Group Inc. (the "Company") is a party to the Master Repurchase Agreement with Everbank Bank, N.A. ("Everbank"), dated as of April 30, 2025, to finance the acquisition of mortgage loans and related mortgage loan assets (the "Everbank MRA"). RMC uses the financing facility to finance its acquisition of residential mortgage loans from correspondent lenders, which are held by RMC for direct sale to mortgage investors or distribution in the capital markets through securitization.

Also, as previously disclosed, in connection with the Everbank MRA, on April 30, 2025, the Company entered into a Guaranty Agreement in favor of Everbank (the "Parent Guaranty") to guaranty the obligations of RMC under the Everbank MRA.

Since April 2025, RMC, the Company and Everbank have amended the Everbank MRA to update pricing terms.

The Company and Everbank entered into the Second Amendment to the Everbank MRA on March 23, 2026 to decrease the maximum borrowing amount to $25 million (the "Second Amendment").

In all other respects the terms of the Everbank MRA, including the Parent Guaranty, remain unchanged.

The foregoing summary is qualified in its entirety by reference to the full text of the Second Amendment, which is filed as Exhibit 10.1, to this Current Report on Form 8-K and incorporated herein by reference.

---

| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.**  |

---

(d) Exhibits.

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| | |
|:---|:---|
| 10.1 | [Second Amendment, dated March 23, 2026, to that certain Master Repurchase Agreement, dated April 30, 2025, as amended, restated, supplemented or otherwise modified from time to by and among Everbank, N.A., Radian Mortgage Capital LLC, as seller and Radian Group Inc., as guarantor](d113548dex101.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **RADIAN GROUP INC.** | **RADIAN GROUP INC.** |
|  | (Registrant) | (Registrant) |
| Date: March 26, 2026 |  |  |
|  | By: | /s/ Liane Browne |
|  |  | Liane Browne |
|  |  | Senior Vice President |

---

## Exhibit 10.1

**Exhibit 10.1** 

**Execution Version** 

**EVERBANK** 

301 West Bay Street

Jacksonville, FL 32202

Radian Mortgage Capital LLC

1700 N. Lincoln St., Suite 2500

Denver, CO 80203

Attention: Preston R. James, Jr.

Re: Second Amendment to the Master Repurchase Agreement and Pricing Letter (the "Second <u>Amendment</u>")

Ladies and Gentlemen:

This Second Amendment is made March 23, 2026 (the "<u>Amendment Effective Date</u>"), to that certain Master Repurchase Agreement, dated April 30, 2025, as amended, restated, supplemented or otherwise modified from time to time (the "<u>Repurchase Agreement</u>") and the Pricing Letter, dated April 30, 2025, as amended. Restated, supplemented or otherwise modified from time to time (the "<u>Pricing Letter</u>"), in each case by and between Radian Mortgage Capital LLC ("<u>Seller</u>"), a Delaware limited liability company, and EverBank, N.A. ("<u>Buyer</u>"). The Repurchase Agreement and the Pricing Letter are sometimes hereinafter collectively referred to as the "<u>Agreement</u>".

WHEREAS, Seller requested that Buyer amend the Agreement as provided herein; and

WHEREAS, Seller and Buyer have agreed to so amend the Agreement.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree to amend the Agreement as follows:

**SECTION 1.** <u>Amendments</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The "Rebate" terms listed in Section 1 of the Pricing Letter are hereby deleted in their entirety and the Rebate is terminated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The following definition in Section 1 of the Master Repurchase Agreement is here by amended and restated in its entirety:

""<u>Maximum Loan Amount</u>" shall mean $25,000,000."

**SECTION 2. <u>Defined Terms</u>**. Any terms capitalized but not otherwise defined herein should have the respective meanings set forth in the Agreement.

**SECTION 3. <u>Fees</u>.** In addition to the fees contemplated by the Agreement, the Seller shall pay Buyer's reasonable, out-of-pocket legal costs and fees associated with this Amendment and the Warehouse Fees as and when required hereunder. There are no fees associated with this Amendment.

**SECTION 4. <u>Limited Effect</u>**. Except as amended hereby, the Agreement shall continue in full force and effect in accordance with its terms. Reference to this Second Amendment need not be made in the Agreement or any other instrument or document executed in connection therewith, or in any certificate, letter or communication issued or made pursuant to, or with respect to, the Agreement, any reference in any of such items to the Agreement being sufficient to refer to the Agreement as amended hereby.

------

**SECTION 5. <u>Representations</u>**. In order to induce Buyer to execute and deliver this First Amendment, Seller hereby represents to Buyer that as of the date hereof, except as otherwise expressly waived by Buyer in writing, such Seller is in full compliance with all of the terms and conditions of the Agreement including without limitation, all of the representations and warranties and all of the affirmative and negative covenants, and no Default or Event of Default has occurred and is continuing under the Agreement.

**SECTION 6. <u>Severability</u>**. Each provision and agreement herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement.

**SECTION 7. <u>GOVERNING LAW</u>. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.** 

**SECTION 8. <u>Counterparts</u>**. This Second Amendment may be executed in one or more counterparts and by different parties hereto on separate counterparts, each of which, when so executed, shall constitute one and the same agreement, and may be electronically signed, and that any electronic signatures shall be treated the same as handwritten signatures for the purposes of validity, enforceability, and admissibility.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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IN WITNESS WHEREOF, Seller and Buyer have caused their names to be signed hereto by their respective officers thereunto duly authorized, as of the date first above written.

---

| | |
|:---|:---|
| EVERBANK, N.A., as Buyer | EVERBANK, N.A., as Buyer |
| By: | /s/Stephen Burse |
| Name: | Stephen Burse |
| Title: | Senior Vice President |
| RADIAN MORTGAGE CAPITAL LLC, as Seller | RADIAN MORTGAGE CAPITAL LLC, as Seller |
| By: | /s/ Preston James |
| Name: | Preston R. James, Jr. |
| Title: | SVP Mortgage Operations and Manager |

---

*Signature page to the Second Amendment to the Radian Mortgage Capital Pricing Letter* 

------

**SCHEDULE 1** 

**WAREHOUSE FEES** 

<u>File Fee</u>: For each Purchased Mortgage Loan, Seller shall pay to Buyer a non-refundable File Fee in the amount of $20. Each File Fee shall be (a) fully earned, and due and owing on the Purchase Date for the related Purchased Mortgage Loan, and (b) payable in arrears on the Repurchase Date for such Purchased Mortgage Loan.

<u>Non-Utilization Fee</u>. In the event that the average daily Purchase Price of the Purchased Mortgage Loans for any month is less than 25% of the Maximum Purchase Amount, Seller shall pay to Buyer in immediately available funds a non-refundable Non-Utilization Fee due, owing, and payable in arrears no later than ten (10) Business Days following the end of each calendar month. The Non-Utilization Fee shall equal, for each calendar month, the product of (x) 0.25% per annum and (y) the excess of (i) the Maximum Purchase Amount over (ii) the average daily Purchase Price of the Purchased Mortgage Loans during such calendar month, based on a three hundred sixty (360) day year.

Schedule 1 - 1

------

**EXHIBIT A** 

**<u>COMPLIANCE CERTIFICATE</u>**

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| | |
|:---|:---|
| SELLER: | RADIAN MORTGAGE CAPITAL LLC |
| FINANCIAL REPORTING<br> PARTY/GUARANTOR: | RADIAN GROUP, INC. |
| BUYER: | EVERBANK, N.A. |
| TODAY'S DATE: | ____/____/2____ |
| REPORTING PERIOD ENDED: | ____ quarter(s) ended ____/____/2025 |

---

This certificate is delivered to Buyer under the Master Repurchase Agreement dated as of April 30, 2025, between the Seller and the Buyer (the "<u>Agreement</u>"), all the defined terms of which have the same meanings when used herein.

Seller hereby certifies to Buyer that: (a) the individual executing this Compliance Certificate as an officer of Seller is a duly elected, qualified, and acting officer of Seller, (b) the Financial Statements of each Financial Reporting Party from the period shown above (the "<u>Reporting Period</u>") and which accompany this certificate were prepared in accordance with GAAP (other than with respect to footnotes and year-end adjustments for interim statements) and present fairly the financial condition of the Financial Reporting Party as of the end of the Reporting Period and the results of its operations for Reporting Period; (c) a review of the Agreement and of the activities of Seller during the Reporting Period has been made under the supervision of a financial officer of Seller with a view to determining Seller's compliance with the covenants, requirements, terms, and conditions of the Agreement, and such review has not disclosed the existence during or at the end of the Reporting Period (and the individual executing this Compliance Certificate as an officer of Seller has no actual knowledge of the existence as of the date hereof) of any Default or Event of Default, except as disclosed herein (which specifies the nature of existence of each Default or Event of Default, if any, and what action Seller has taken, is taking, and proposes to take with respect to each); (d) all information set forth on the attachment to this Compliance Certificate is true, correct, and complete, and the calculations set forth therein evidence that Seller is in compliance with the requirements of the Agreement at the end of the Reporting Period (or if Seller is not in compliance, showing the extent of non-compliance and specifying the period of noncompliance and what actions Seller proposes to take with respect thereto); and (e) Seller was, as of the end of the Reporting Period, in compliance and good standing with applicable HUD net worth requirements.

---

| |
|:---|
| Radian Mortgage Capital LLC |
| By: |

---

Exhibit A-1

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| | |
|:---|:---|
| FINANCIAL REPORTING<br> PARTY/GUARANTOR: | **RADIAN GROUP, INC.** |
| REPORTING PERIOD ENDED: | ____/____/2025 |

---

All Guarantor financial calculations set forth herein are as of the end of the Reporting Period.

**1.** **GUARANTOR MINIMUM TOTAL ADJUSTED CAPITAL** 

---

| | |
|:---|:---|
| The Adjusted Capital is: |  |
| Statutory Surplus | $|
| Plus: Contingency Reserves | $|
| **TOTAL ADJUSTED CAPITAL:** | $|
| ***REQUIRED MINIMUM*** | $2750000000.00 |
| **In compliance?** | ☐ Yes ☐ No |

---

**2.** **MINIMUM CONSOLIDATED NET WORTH OF GUARANTOR AND SUBSIDIARIES** 

---

| | |
|:---|:---|
| The Consolidated Net Worth of Guarantor is: | The Consolidated Net Worth of Guarantor is: |
| GAAP Net Worth: | $|
| Plus: 50% of the positive amount, if any of, Consolidated Net Income | $|
| Plus: 50% of Equity Conversions recorded that result in an increase in Guarantor's consolidated shareholder equity | $|
| Minus: 50% of Equity Conversions recorded that result in a reduction of Guarantor's consolidated shareholder equity within 180 days of such conversion | $|
| **CONSOLIDATED NET WORTH:** | $|
| ***REQUIRED MINIMUM*** | $2750000000.00 |
| **In compliance?** | ☐ Yes ☐ No |

---

**3.** **GUARANTOR DEBT TO TOTAL CAPITAL:** 

---

| | |
|:---|:---|
| Consolidated Total Debt | $|
| **DEBT TO CAPITAL:** | **:1** |
| ***Maximum permitted*** | ***0.35:1*** |
| **In compliance?** | ☐ Yes ☐ No |

---

Exhibit A-2

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**4.** **GUARANTOR LIQUIDITY** 

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| | |
|:---|:---|
|  Guarantor's Available Investment Value | $— |
|  **Minimum required** | $25000000.00 |
| **In compliance?** | ☐ Yes ☐ No |

---

**5.** **GUARANTOR PMIER ELGIBILITY** 

---

| | |
|:---|:---|
| **In compliance?** | ☐ Yes ☐ No |

---

**6.** **FACILITIES (Please list all credit facilities in excess of $5,000,000, including off balance sheet facilities)** 

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| | | |
|:---|:---|:---|
| **Institution** | **Total Commitment** | **Outstanding** |
|  EverBank Warehouse Lending | $125000000.00 | $|
|  JP Morgan | $300000000.00 | $|
|  Bank of Montreal | $400000000.00 | $|
|  Goldman Sachs | $200000000.00 | $|
|  | $— | $|
|  | $— | $|
|  | $— | $|
|  **TOTALS** | $— | $|

---

**7.** **REPURCHASES / INDEMNIFICATIONS (R&I)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Repurchases** | **UPB** | **# of<br>Loans** | **Actual or<br>Estimated<br>Loss** | **How were<br>they<br>recorded<br>on the<br>financials?** | **How were<br>they<br>recorded<br>on the<br>financials?** |
|  Beginning Open R&I's | $|  | $|  |  |
|  New R&I's received this month | $|  | $|  |  |
|  R&I's rescinded this month | $|  | $|  | n/a |
|  R&I's settled this month | $|  | $|  |  |
|  Ending Open R&I's | $|  | $|  |  |

---

**\*** **If you have a detailed schedule of loans subject to repurchases that includes the investor requesting, reason for repurchases, origination date, loan characteristics such as LTV, lien position, occupancy etc., and valuation method if you have estimated your loss exposure, please attach it with this table.** 

Exhibit A-3

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**8.** **LOAN LOSS RESERVE** 

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| | | |
|:---|:---|:---|
|  | **Current Month** | **Year-to-Date** |
|  Beginning loan loss reserve | $| $|
|  Additional loss provision | $| $|
|  Actual charge off | $| $|
|  Ending loan loss reserve | $| $|

---

**9.** **LITIGATION** 

Are there any legal actions against the Seller or Guarantor? ☐ Yes ☐ No

**10.** **DEFAULTS OR EVENTS OF DEFAULT** 

Disclose nature and period of existence and action being taken in connection therewith; if none, write "None":

**11.** **OTHER REPORTS REQUIRED (Please attach if applicable)** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Weekly Hedge Reports.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Summary of year-to-date production, broken out by product type.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. As reasonably requested by Buyer from time to time in writing, Seller will furnish to Buyer quarterly
electronic Mortgage Loan performance data, including, without limitation, a Mortgage Loan Schedule, delinquency reports, pool analytic reports and static pool reports (i.e., delinquency, foreclosure and net charge off reports) and quarterly
stratification reports summarizing the characteristics of the Mortgage Loans.

Exhibit A-4