On Monday, Shares of Radian Group Inc (NYSE:RDN), added 1.38% and closed at $13.93 in the last trading session. RDN stock opened its last trade at $14.04 and after floating in a range of $13.78 to $14.05. The company’s Market capitalization is $3.01 Billion with the total Outstanding Shares of 214.36 million. During the 52-week trading session the minimum price at which share price traded, registered at $9.29 and reached to max level of $16.95. New American Funding and Alterra Home Loans, two national mortgage banks, declared that Radian has been named as the preferred private mortgage insurance provider for Your Path, a new loan program that makes affordable homeownership opportunities available to the changing demographics of U.S. homebuyers by incorporating criteria not used in traditional underwriting.
“Radian is dedicated to educating prospective homebuyers on ways to achieve their dream, and we’re thrilled to work with New American Funding and Alterra Home Loans to make that happen,” said Teresa Bryce Bazemore, President, Radian Guaranty. “We continually strive to better understand and remove the barriers that prevent many potential homeowners from obtaining a mortgage. The Your Path program will assist address some of those issues and serve as an important support to our ongoing efforts to make sustainable homeownership a reality for qualified borrowers who have limited down payment savings.”
Radian assists borrowers who are not able to make a 20% down payment purchase a home by providing private mortgage insurance that assists protect lenders from default-related losses. In addition to playing that role for borrowers in the Your Path program, Radian will also work with the program’s partners to educate consumers, create training programs for industry professionals and take part in training events for loan originators and operations staff.
Hess Corp. (NYSE:HES), dropped -1.70% and closed at $50.82 in the last trading session. HES stock opened its last trade at $51.48 and after floating in a range of $50.30 to $51.81. The company’s Market capitalization is $16.15 Billion with the total Outstanding Shares of 316.67 million. During the 52-week trading session the minimum price at which share price traded, registered at $32.40 and reached to max level of $64.08. Accenture (ACN) has been chosen by Hess Corporation (HES) to assist realize its As-a-Service vision that is part of the Hess IT transformation strategy. The new cloud-facilitated operating model can ramp up or down IT infrastructure and digital technologies during volatile industry cycles. The model is underpinned by Accenture’s cloud services and ecosystem of partners that includes leading public cloud providers.
“We believe this model can assist us be more efficient, agile, capable and secure,” said Zhanna Golodryga, SVP, Services and CIO for Hess Corporation, “by giving us important capabilities that use the most recent digital services and technologies.”
Under the terms of the five-year agreement, Accenture and Hess will work on planning, design and implementation of a technology solution that links field assets to a network of cloud-based offerings, delivered as-a-Service, with consumption-based pricing focused on reducing cost, increasing production, and simplifying technology. The project includes migrating Hess’ applications and servers to the cloud.