Radian (RDN) Shares Rallying as CFO Says Nov. Delinquencies Were Less Than Expected

Shares of Radian (NYSE: RDN) are trading sharply higher this morning following some bullish comments from the company's CFO, Bob Quint, earlier. About two hours into the trading session, Radian's stock is up 13.4% to around $5.07.

Below are some highlights from Quints presentation at the Friedman Billings Ramsey Capital Markets Investor Conference:

• Radian's balance sheet is in "pretty decent shape"
  
• November delinquencies were less than expected
  
• so far in 2009, early defaults are at the lowest levels in history
  
• the second half of last year was a "turning point"
  
• loan modifications could be a "huge potential benefit"
  
• Radian is working on ways to improve its capital base
  
• Q1 is typically the company's best quarter, while Q4 is "usually bad"

Most traders are attributing the strength in Radian shares to the comment about the better-than-expected November delinquencies.

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