Radian Group Inc. Friday shaved its fourth-quarter and year-end earnings lower, after delaying the final calculations because of complications in evaluating the collateralized debt obligations in its financial guaranty portfolio.

In documents filed with the Securities and Exchange Commission, Radian said its earnings for the fourth quarter and year show an added loss of $103 million. As a result, Radian reported a net loss of $721 million for the fourth quarter, and $1.3 billion for the full year.

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