The consolidation is expected to be completed by the start of next year.
Earnings at Radian Group swung to a profit the third quarter, boosted by mortgage services revenue and a lower credit-loss provision.
Wingspan Portfolio Advisors, a diversified mortgage services company in Dallas, will receive a multimillion-dollar capital infusion from a stockholder investment group.
The Obama administration is pushing to ease access to mortgage credit, particularly for first-time homebuyers, but it doesn't appear likely it will employ one of its most readily-available tools.
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