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08/10/2016

Radian and NAREB Extend Exclusive Relationship

Radian remains sole private mortgage insurance partner to prominent minority-focused housing advocacy group

PHILADELPHIA--(BUSINESS WIRE)--Aug. 10, 2016-- Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc. (NYSE:RDN) together with the National Association of Real Estate Brokers (NAREB) today announced they have extended their partnership for another two years. The strategic partnership, through which Radian provides nationwide training on private mortgage insurance solutions to NAREB’s 90-chapter network, is unique in the private mortgage insurance industry and serves to reinforce Radian’s national housing advocacy platform. NAREB, a leading activist real estate trade organization, is committed to embracing all qualified real estate practitioners aligned with its “Democracy in Housing” mission.

“NAREB is pleased to continue our partnership with Radian. Black American homebuyers deserve the top-of-the line services offered by Radian which we know work to increase homeownership among a market segment struggling to recover from the nation’s economic downturn,” said Ron Cooper, President, NAREB. “Our collective efforts not only work to rebuild Black American wealth through homeownership, but also offer our members the tools, training and products that enviably position them as trendsetters in the real estate profession.”

According to select findings within the 2015 U.S. Census Bureau Report, minority groups have a 20 percent lower homeownership rate relative to the overall population. With minorities set for significant growth in the coming decades, Radian has recognized the need to promote solutions to prospective minority homebuyers in order to help close the wealth gap with increased home ownership.

Radian’s nationwide training program educates NAREB member agents and lenders about private mortgage insurance and other home buying solutions for first-time/high LTV borrowers. The program covers topics ranging from home equity and mortgage payments to determining which kinds of mortgage insurance are most appropriate for specific borrowers through interactive webinars and face-to-face sessions upon request.

“The participation of minority groups in our housing sector is critical to the future health of the US economy,” remarked Brien McMahon, Radian's Chief Franchise Officer. “As a leading private sector mortgage insurer dedicated to the health of the housing markets, Radian has adopted a national housing advocacy platform highlighted by relationships like our successful partnership with NAREB. Through joint initiatives such as this which provide useful information, tools and resources we are confident we can make a difference and help make homeownership a reality for deserving consumers of all demographics.”

About NAREB

NAREB was formed in 1947 out of a need to secure the right to equal housing opportunities, regardless of race, creed or color. Today, NAREB has 90 chapters in 33 states. www.nareb.com.

About Radian

Radian Group Inc. (NYSE:RDN), headquartered in Philadelphia, provides private mortgage insurance, risk management products and real estate services to financial institutions. Radian offers products and services through two business segments:

  • Mortgage Insurance, through its principal mortgage insurance subsidiary Radian Guaranty Inc. This private mortgage insurance protects lenders from default-related losses, facilitates the sale of low-down payment mortgages in the secondary market and enables homebuyers to purchase homes more quickly with down payments less than 20%.
  • Mortgage and Real Estate Services, through its principal services subsidiary Clayton, as well as Green River Capital, Red Bell Real Estate and ValuAmerica. These solutions include information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities.

Additional information may be found at www.radian.com.

Source: Radian Group Inc.

Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.com