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09/29/2016

Radian Appoints Peter Danna as SVP, Structured Products

Returning Radian Vet to Focus on Developing Structured Residential Mortgage Credit Products

PHILADELPHIA--(BUSINESS WIRE)--Sep. 29, 2016-- Radian Group Inc. today announced Peter Danna has rejoined the company as Senior Vice President, Structured Products.

In his new role, Danna will seek to foster new business while leading and managing a cross-functional group supporting the development of structured residential mortgage credit products and related services outside of traditional mortgage insurance.

Danna will also collaborate with the Senior Vice President of Product Development, Curtis Over, who will lead the expansion of Radian’s Mortgage Risk NavigatorTM technology suite to cover structured residential, mortgage credit products. Mortgage Risk Navigator is a cutting-edge performance modeling, data analytics and business intelligence platform currently leveraged in the pricing and portfolio risk management of Radian’s core mortgage insurance business.

“We welcome Peter back to Radian where we look forward to his contributions in facilitating our participation in structured residential mortgage credit products, as well as working with Curtis in expanding our risk management analytics offerings,” said Derek Brummer, Radian’s Chief Risk Officer.

During his previous time at the company’s former financial guaranty subsidiary, from 2003 to 2015, Danna focused on structured products in both business and risk management related roles. He was most recently with Morningstar Credit Ratings where he was in charge of business development for their asset-backed bond rating unit. Danna began his career with Arbor National Mortgage and held positions at Munich Re America and Standard & Poor’s. He has a B.S. in Finance and MBA from SUNY-Albany, holds CFA® and FRM charters, and has more than 25 years of experience in the financial services industry at insurance, rating agency and mortgage institutions.

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-downpayment mortgages in the secondary market and enables homebuyers to purchase homes more quickly with downpayments 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