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Radian names ex-Mr. Cooper president as next CEO


Long-time mortgage industry executive Rick Thornberry is retiring as the CEO of the Radian Group just months after overseeing a major business shift into a multi-line insurer.

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The company closed on its purchase of Inigo, a Lloyd’s specialty insurer in February; it is still in the process of selling its real estate services and title insurance businesses.

Mike Weinbach, most recently the president of Mr. Cooper (now part of Rocket Cos.), will start on June 1 as CEO-elect and will fully step into the top job and become a member of Radian’s board on Aug. 13. Thornberry is remaining as a strategic advisor through the end of 2026.

Mike Weinbach, left, is joining Radian Group as CEO, starting on June 1, fully taking over for Rick Thornberry on Aug. 13.

“The Inigo acquisition represents a defining moment in Radian’s history, and it happened because of Rick’s vision, discipline and entrepreneurial leadership,” said Howard Culang, Radian’s chairman, in a press release.

The hiring of Weinbach involved Russell Reynolds Associates, a global executive search and leadership advisory.

“In Mike, we found someone who distinguished himself throughout the process — not only for his track record of leading large, diversified and complex businesses, but for the thoughtfulness and discipline with which he thinks about the road ahead,” Culang said.

Thornberry himself was a lending executive before joining Radian in 2017, succeeding S.A. Ibrahim.

Thornberry on why he’s retiring

“The most important decision a board makes is succession planning for the CEO,” Thornberry said when asked about the timing of the change, adding it was his decision to retire.

“I couldn’t be more excited about where Radian sits today, completing the Inigo acquisition, getting the divestitures in place, having the MI business performing at a very high level, with a very clear strategy, really kind of simple strategy, the opportunity for Radian going forward, I’m really excited about,” Thornberry said. “I feel like I’m leaving it in a good place.”

At the same time, he took a step back and asked what’s next in his life. The most excited people about this is his family; his 6-year-old grandson told him it means the two will have more time to spend together

Thornberry pointed to Weinbach’s background as a broader financial services executive, including heading up bank mortgage lending operations at JPMorgan Chase and Wells Fargo.

He noted he has known Weinbach for 10 years, adding “it’s a nice opportunity for he and I to have this transition period together, where he can immerse himself into the business, before taking the full responsibility as CEO.”

How Radian is doing today

Radian ended the first quarter doing $4 billion more in new insurance written year-over-year and moved to second in market share from fourth during the time frame.

Its net income of $124 million (including two months of Inigo) was down from $155 million for the fourth quarter and $145 million for the first quarter of 2025. But those results were consistent with its expectations for revenue growth, Thornberry said.

Radian has been pursuing diversification for some time. Having Inigo “alongside our MI business is really transformative and I think puts the company in a position, a very different position, than it was prior to the acquisition,” Thornberry said.

He reflected on the culture created, the way Radian does business and how he helped to set it up for the future.

He noted delinquency rates are 13 basis points higher for April than the same month last year (although flat versus March), according to ICE Mortgage Technology. They remain below pre-pandemic levels.

Cure rates also rebounded for the second month in a row, following three months of declines. In its first quarter results, Radian said its cure rates exceeded expectations, Thornberry said.

Helping the situation is the ongoing housing shortage, which is supporting higher home values, he said. This is allowing borrowers to navigate distress situations.

‘We’re not really seeing trends that are concerning at this point,” he said. It’s always been a cyclical business, but Radian, as a mortgage insurer, is as strong as we’ve ever been.”

The mortgage insurance competitive landscape

The company differentiates itself from its competitors through its proprietary data and analytics. Since the industry started using what has become known as “black box pricing,” market share shifts between the six active underwriters has become more common.

“One thing that we’re very thoughtful about is our view of economic trends around the country at a very localized geographic level,” Thornberry said. “We express our views every day through our pricing, and it’s a through the cycle view, so we’re watching local economics, local home values, local employment trends, rental rates, all things that give us indication of how markets we would expect to perform over time versus a headline we read today.”

He is less concerned about those shifts in market share and more about finding and underwriting high quality business.

If mortgage rates were to move lower, the opportunity to create more new insurance written would improve, not just in purchases, but for refinancing of recent borrowers who have yet to build 20% equity in their properties.

The note of caution: “lower rates actually may cause home prices to go up if we don’t increase supply,” he said.

He does not see consolidation in the mortgage insurance business in the near future; Radian itself was the product of the merger between Commonwealth and Amerin in 1998. But Thornberry noted Radian is also the second mortgage insurer to be a multi-line company; Arch, which purchased CMG and then United Guaranty, the latter from AIG in 2016 is the other.



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Why Honeywell Stock Topped the Market on Tuesday


The pricing of a Honeywell (HON +1.67%) carve-out juiced the stock of the storied industrial company on Tuesday. After the company provided crucial financial details for the soon-to-be independent Quantinuum that morning, investors signaled their approval by collectively trading the stock up by 1.7%. That was good enough to beat the S&P 500 index’s 0.6% rise on the day.

A cutting-edge IPO

Honeywell has priced its planned initial public offering (IPO) for Quantinuum (which, as the name implies, is a quantum computing business) at $45 to $50 per share. It’s aiming to sell roughly 21.05 million shares, which would bring in as much as $1.05 billion in gross proceeds.

Image source: Getty Images.

The announcement came less than three weeks after Honeywell filed an S-1, a foundational IPO registration document, for Quantinuum. In it, the company revealed that JPMorgan Chase unit J.P. Morgan and Morgan Stanley are leading the syndicate that will take the unit public.

Honeywell, which will hold a stake in Quantinuum of slightly over 49%, certainly has timing on its side. Investors are eager to own shares of quantum companies — not only are they considered by many to be the future of powerful computing, but they’ve also been the target of direct federal financial assistance and involvement exceeding $2 billion.

Honeywell International Stock Quote

Today’s Change

(1.67%) $3.80

Current Price

$231.72

Mr. Market is hungry

Given that level of excitement, it might surprise some to learn that there aren’t many quantum stocks available for investment now. The arrival of Quantinuum will be impactful on that basis alone, and the involvement of the well-known Honeywell should boost confidence in the company’s viability.

I wouldn’t buy Honeywell simply because of its relationship to Quantinuum, but I think the industrial giant is making a smart move by retaining that large ownership stake.

JPMorgan Chase is an advertising partner of Motley Fool Money. Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Honeywell International and JPMorgan Chase. The Motley Fool has a disclosure policy.

Parent PLUS vs. Private Student Loans In 2026


Key Points

  • Federal Parent PLUS loans have minimal credit requirements, but come with higher interest rates and origination fees.
  • Private student loans can have lower rates but fewer borrower protections, and they typically require good credit or a cosigner.
  • The right choice depends on a family’s financial situation, credit history, and comfort with federal vs. private loan terms.

Parents and families are in the process of figuring out how to pay for college. Given that undergraduate Direct loan limits are so low, many parents have to step in to cover the expenses.

When savings and scholarships fall short, the next option often involves borrowing.

For parents, that usually means choosing between a federal Parent PLUS loan and a private student loan. Both options have trade-offs, and understanding the differences can help families avoid added financial strain down the road.

Here’s what to know when comparing these two options – especially in light of the changes from the OBBBA.

Related: Best Parent Loans For Paying For College

@thecollegeinvestor Parent PLUS loan vs. Private Loan when paying for college? The new legislation effectively makes Parent PLUS loans private loans as it removes all the benefits. Now you’re just shopping for the lowest rate. Here’s what to know. #studentloans #studentloandebt #studentloanforgiveness #financialaid ♬ original sound The College Investor

What To Know About Parent PLUS Loans

Parent PLUS loans are federal loans that allow parents of dependent undergraduate students to borrow money to pay for college. These loans are issued by the U.S. Department of Education, not private lenders.

Prior to 2026, Parent PLUS loans had a big advantage over private loans: access to federal protections – such as income-driven repayment plans, hardship options, and even loan forgiveness programs. 

Parents used to be able to qualify for Income-Contingent Repayment (ICR), which sets payments at 20% of discretionary income and offers forgiveness after 25 years. These loans would also qualify for Public Service Loan Forgiveness (PSLF) if the parent borrower works for a qualifying government or nonprofit employer. 

Note: Loan forgiveness and access to income-contingent repayment will disappear for Parent PLUS loans taken out after July 1, 2026. 

For loans taken out after July 1, 2026, only the standard repayment plan will be available. 

However, Parent PLUS loans carry a higher interest rate than other federal student loans. For the 2026-2027 school year, the fixed interest rate is 9.07%, and there is a 4.228% origination fee deducted from the disbursement. 

Unlike other federal student loans, these loans do have a credit check. While the credit check is not as stringent as private lenders, parents with adverse credit history may need a cosigner.

Another downside: Parent PLUS loans are never the student’s responsibility. They stay with the parent borrower unless refinanced or paid off separately.

Pros

  • Minimal Credit Requirements

  • Potential Loan Forgiveness Options (only before 2026)

  • Access To Income-Driven Repayment (only before 2026)

  • Access To Deferment and Forbearance

Cons

  • 4.228% Origination Fee

  • High Interest Rate at 9.07% APR

  • Loan Only In Parent’s Name

Private Student Loans

Private student loans are issued by banks, credit unions, and online lenders. Some private lenders allow parents to borrow on behalf of their children, or cosign a student’s loan.

One major advantage of private loans is the potential for lower interest rates, especially for borrowers with a good credit score. Fixed and variable interest rates can be lower than those offered by Parent PLUS loans. And unlike federal loans, there are no origination fees with most private lenders.

However, private loans lack the safety net of federal repayment options. There is no income-driven repayment, no forgiveness programs, and fewer deferment or forbearance protections. Repayment terms can also vary by lender, and while some offer flexible options, others may require immediate payments.

Private loans can have rates as low as 3-4% for families with good credit and income.

Some parents choose to cosign a private loan in the student’s name, giving the student responsibility for repayment while still helping them access better loan terms. But cosigning means the parent is still legally on the hook if the student doesn’t pay.

Related: Best Student Loan Rates

Pros

  • Potential For Low Interest Rates

  • Loans Can Be In Student’s Name

  • No Origination Fees Or Prepayment Penalties

Cons

  • Credit-Based

  • No Hardship Options

  • No Loan Forgiveness Options

How To Choose The Right Option

The best option depends on what matters most to the family. Parents with strong credit and good income might prefer the lower cost of a private loan. Those working in public service or who anticipate needing income-based repayment may benefit more from a Parent PLUS loan (except this option goes away for parents borrowing after July 1, 2026).

For most decently qualified parent borrowers after July 1, 2026, private loans will likely be a more compelling option. Since the budget bill eliminated all paths to loan forgiveness for new borrowers, and the interest rate and origination fee are high, private loans might be a better choice.

If forgiveness through PSLF is a possibility because you are borrowing before 2026, a Parent PLUS loan consolidated into a Direct Consolidation Loan is required to become eligible. Then, the borrower must enroll in ICR and work for a qualified employer. Parents also need to remember it takes 10 years (120 months) of repayment – that’s a long time, especially as retirement approaches. 

Parents should also consider whether they want to be responsible for the debt or prefer the student to take on repayment. If the parent borrows a PLUS loan, the student has no legal responsibility to pay it back.

Families should always compare interest rates, fees, and repayment terms. If going with a private loan, it’s smart to shop around with multiple lenders to see who offers the most favorable terms based on credit history.

Common Questions

What is the difference between a Parent PLUS loan and a private student loan?

A Parent PLUS Loan is a federal student loan offered to parents to help their children pay for college, while a private student loan is offered to students (and generally co-signed by parents) via private lenders.

Which is better for paying for college: a Parent PLUS loan or a private student loan?

When paying for college, families should compare the Parent PLUS loan rate to private loan rates offered. The best option is whichever gives you the lowest interest rate.

When does choosing a Parent PLUS loan make more sense than a private student loan?

Choosing a Parent PLUS loan can make more sense than a private loan if, when you shop and compare private loan options, you cannot beat the interest rate offered on the Parent PLUS Loan.

When is a private student loan usually a better option than a Parent PLUS loan?

Private loans are usually better than Parent PLUS loans when the interest rate is lower – which is usually the case for families with good credit and income.

Final Thoughts

Federal Parent PLUS loans provide more borrower protections but come at a higher cost. Private loans may be cheaper upfront but lack forgiveness and flexible repayment options.

After July 2026, private loans are nearly always be the better option unless your credit doesn’t give you a better interest rate that beats the Parent PLUS loan.

Each option involves trade-offs, and families should weigh them carefully before deciding.

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The post Parent PLUS vs. Private Student Loans In 2026 appeared first on The College Investor.

Court blocks Alabama from erasing significantly Black US House district




Court blocks Alabama from erasing significantly Black US House district

eBay Chase Offer: Get 5% Back, Up to $10 Credit


eBay Chase Offer

Chase is targeting some cardholders with a new offer that can save you up to $10 on eBay purchases. Here’s how this REPLACE Chase Offer works:

  • Earn 5% cash back on your eBay purchase, with a $10.00 cash back maximum. Offer expires 6/30/2026.
  • Earn 10% cash back on your eBay purchase, with a $3.00 cash back maximum. Offer expires 6/30/2026.

Important Terms

  • Valid one time only
  • Payment must be made directly with the merchant

eBay Chase Offer

About Chase Offers

Chase Offers are available on Chase credit cards and debit cards. With these offers, you usually get cashback when you use your eligible Chase card to shop at a participating store. You can see your offers in the Chase app or in your account online. Here are a few things worth noting about these offers:

  • You can add the same offer to multiple cards, and you will receive multiple credits. Apps like Savewise and Cardpointers helps you add and manage these offers.
  • Chase Offers could be targeted to certain accounts, so not every offer will be available for everyone.
  • Credits will appear in your account in 7-14 business days.
  • Usually the same offers will also show up for US Bank, Bank of America, Wells Fargo, Regions Bank, Suntrust Bank, BBVA, BB&T, PNC, Columbia Bank and Beneficial Bank customers.

Guru’s Wrap-up

A nice offer if you shop on ebay.

Check your accounts at Chase and other banks and add the offer on as many cards as you have it. 

You can find more Chase Offers here.

Disclosure: This article contains affiliate links. If you take action (i.e. subscribe, make a purchase) after clicking a link, I may earn some beer 🍺🍺🍺 money, which I promise to drink responsibly. When applicable, you should always go through shopping portals to earn cashback. But when that’s not an option, your support for the site is always greatly appreciated. Thank you for reading!

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Current price of oil as of May 26, 2026



As of 9:15 a.m. Eastern Time today, oil sold for $100.20 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s 67 cents higher than yesterday morning and approximately a $35.30 rise over the past year.

Oil price per barrel % Change
Price of oil yesterday $99.53 +0.67%
Price of oil 1 month ago $105.95 -5.42%
Price of oil 1 year ago $64.89 +54.41%
Price of oil yesterday
Oil price per barrel $99.53
% Change +0.67%
Price of oil 1 month ago
Oil price per barrel $105.95
% Change -5.42%
Price of oil 1 year ago
Oil price per barrel $64.89
% Change +54.41%

Will oil prices go up?

It’s impossible to predict the future of oil prices. Several factors determine the movement of oil, but it ultimately boils down to supply and demand. Again, when threats of economic downturn, war, etc. are high, the oil trajectory can turn rapidly.

How oil prices translate to gas pump prices

When you pay for gas at the pump, you’re paying for more than just the crude oil itself; you’re also springing for links along the chain, such as the refineries and wholesalers—not to mention taxes and local gas station markups.

Still, the crude oil aspect affects the final price most dramatically, as it typically accounts for more than half the price per gallon. When oil prices spike, so do gas prices. And frustratingly, when oil prices drop, gas prices tend to take their time drifting down to the lower price (sometimes referred to as “rockets and feathers”).

The role of the U.S. Strategic Petroleum Reserve

In case of emergency, the U.S. has a store of crude oil known as the Strategic Petroleum Reserve. Its primary purpose is energy security in case of disaster (think sanctions, severe storm damage, even war). But it can also go a long way toward softening crippling price hikes during supply shocks.

It’s not a long-term answer—more of an immediate relief to assist the consumer and keep critical parts of the economy running, like key industries, emergency services, public transportation, etc.

How oil and natural gas prices are linked

Oil and natural gas are both major energy fuels. A big change in oil prices can affect natural gas by extension. For example, if oil prices increase, some industries may swap natural gas for some segments of their operations where possible—which increases demand for natural gas.

Historical performance of oil

When examining oil’s performance, there are generally two major benchmarks:

  • Brent crude oil is the main global oil benchmark.
  • West Texas Intermediate (WTI) is the main benchmark of North America.

Between the two, Brent better represents global oil performance because it prices much of the world’s traded crude. And, it’s often the best way to track historical oil performance. In fact, even the U.S. Energy Information Administration now uses Brent as its primary reference in its Annual Energy Outlook.

Looking at the Brent benchmark across several decades, oil has been anything but steady. It’s seen spikes due to factors such as wars and supply cuts, and it’s also seen crashes from global recessions and an oversupply (called a “glut”). For example:

  • The early 1970s brought the first big oil shock when the Middle East cut exports and imposed an embargo on the U.S. and others during the Yom Kippur War.
  • Prices dropped in the mid-1980s for reasons such as lower demand and more non-OPEC oil producers entering the industry.
  • Prices spiked again in 2008 with increased global demand, but it soon plummeted alongside the global financial crisis.
  • During the 2020 COVID lockdown, oil demand collapsed like never before—bringing prices below $20 per barrel.

All to say, oil’s historical performance has been anything but smooth. Again, it’s hugely affected by wars, recessions, OPEC whims, evolving energy initiatives and policies, and much more.

Energy coverage from Fortune

Looking to stay up-to-date regarding the latest energy developments? Check out our recent coverage:

Frequently asked questions

How is the current price of oil per barrel actually determined?

The current price of oil per barrel depends largely on supply and demand, including news about potential future supply and demand (geopolitics, decisions made by OPEC+, etc.). In the U.S., prices also move based on how friendly an administration is to drilling, as it can affect future supply. For example, 2025 saw the Trump administration move to reopen more than 1.5 million acres in the Coastal Plain of the Arctic National Wildlife Refuge for oil and gas leasing, reversing the Biden administration’s policy of limiting oil drilling in the Arctic.

How often does the price of oil change during the day?

The price of oil updates constantly when the “futures” markets are open. A futures market is effectively an auction where people agree to buy or sell oil in the future. As long as people and companies are trading contracts, the oil price is changing.

How does U.S. shale oil production affect the current price of oil?

In short, shale is rock that contains oil and natural gas. Think of shale as energy yet to be tapped. The more shale the U.S. accesses, the more energy we’ll have—and the more easily oil prices can keep from spiking as much thanks to a greater supply.

How does the current price of oil impact inflation and the broader economy?

When oil is expensive, it tends to make everyday items cost more. This can be related to energy (your heating, gas utilities, etc.), but it’s also due to the logistics involved with making those items accessible to you. Shipping, for example, can affect the price of things at the grocery store, as it’s more expensive to get those products from warehouses and farms onto the shelf.

Could a home-based business affect your mortgage?




Registering a business at your home may seem harmless, but it can raise questions for lenders, insurers and municipalities. Here’s what homeowners should know before using their home address for business purposes.

Decoding CTA Allocations by Trend Horizon


Institutional allocators rely on managed futures strategies for diversification and drawdown control, yet often misunderstand how risk is actually taken inside these allocations. They frequently lack clarity on which trend horizons drive performance, how similar managers truly are to one another and to benchmarks, and how differences in horizon mix shape behavior during periods of market stress.

By decomposing CTA managed futures returns into a small set of distinct trend horizons (fast, medium, and slow), this post shows that much of the variation across managers and benchmarks reflects differences in horizon mix rather than fundamentally different strategies. Framing managed futures allocations in this way allows investors to better diagnose overlap, benchmark more precisely, and assess whether their exposure is aligned with its intended role in the portfolio.

The analysis that follows is necessarily technical, introducing a horizon-based framework that decomposes CTA returns into a limited set of systematic building blocks. While the mechanics are described in detail, the objective is practical: to provide a clearer, more transparent way to interpret managed futures behavior and to link observed outcomes to explicit, governable risk choices.