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Small Cap Stocks Alert: Lennar Corporation (NYSE:LEN) and Radian Group Inc(NYSE:RDN)

on 20/03/2013

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Stocks that are being watched this morning are:Lennar Corporation (NYSE:LEN) and Radian Group Inc(NYSE:RDN)

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE:RDN), on Wednesday declared the inclusion of 30-year mortgage industry expert, Phillip Bracken, to the squad.

In the recently appointed role of Chief Policy Officer, Government and Industry Relations, Bracken will represent Radian on Capitol Hill, by marketing a more traditional balance between private and public capital in the mortgage finance market.

Bracken brings over 30 years of mortgage industry experience to Radian (RDN), most lately acting as an executive consultant for private enterprise clients in the housing, financial services and consumer sectors.

How shares of Radian Group Inc responded to such a move? Find in this report

Before joining this role, Bracken spent 15 years as an executive at Wells Fargo, where he oversaw government and industry relations and policy development, for the Home Mortgage and Consumer Finance Group.

Radian Group Inc(NYSE:RDN) investors were excited about the move and the stock was increasing on Wednesday and, on last check, was seen above the line 0.91%.

Lennar Corporation (NYSE:LEN)announced net earnings of 26 cents per share in the initial quarter of fiscal 2013, topping the same quarter year ago earnings by 225%.

How Lennar Corporation attracted investors on Wednesday? Find in this report

The higher earnings were caused by double-digit progress in homebuilding revenues and robust operating margins. Earnings also topped the Zacks Consensus Estimate of 13 cents by 100%.


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Source: anotherwinningtrade Posted Wed, March 20, 2013 18:21 - Permalink