Moody's Investors Service last week placed the A3 insurer financial strength rating of bond insurer Radian Asset Assurance Inc. on review for downgrade along with other ratings within the Radian Group.

Radian Group's exposure to the U.S. housing market through its mortgage insurer subsidiaries continues to put pressure on the company's risk-adjusted capital position, Moody's said. The rating agency increased its loss expectations for certain residential mortgage-backed securities in September.

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