News

01/08/2008

Radian Group Inc. Appoints Rick Gillespie as Senior Vice President, Corporate Communications and Marketing

PHILADELPHIA, Jan. 8 /PRNewswire-FirstCall/ -- Radian Group Inc. (NYSE: RDN) today announced that it has appointed Richard A. Gillespie as Senior Vice President of Corporate Communications and Marketing. Mr. Gillespie will report to Paul F. Bognanno, Vice Chairman of Radian Guaranty.

"We would like to welcome Rick to the Radian team," said S.A. Ibrahim, Chief Executive Officer of Radian. "We look forward to the new marketing strategies he will bring to the company to increase our long-term value for customers and stockholders. Rick will help us continue to communicate the fundamental strength of our capital position in today's challenging environment."

Mr. Gillespie has over 20 years of communications and marketing experience in the mortgage industry. Most recently, he served as Executive Vice President, Chief Marketing Officer, and Executive Committee Member of GMAC Residential. Mr. Gillespie has a B.A. in Communications from Temple University.

Mona Zeehandelaar, formerly Radian's Senior Vice President of Investor Relations and Corporate Communications, has left Radian to take a senior position at Towers Perrin in its finance organization. A search is underway at Radian for an Investor Relations Officer.

Mr. Ibrahim concluded, "Mona has been a valued part of the Radian team. We greatly appreciate all her contributions and wish her well in the future."

Radian Group Inc. is a global credit risk management company headquartered in Philadelphia with significant operations in New York and London. Radian develops innovative financial solutions by applying its core mortgage credit risk expertise and structured finance capabilities to the credit enhancement needs of the capital markets worldwide, primarily through credit insurance products. The company also provides credit enhancement for public finance and other corporate and consumer assets on both a direct and reinsurance basis and holds strategic interests in credit-based consumer asset businesses. Additional information may be found at http://www.radian.com.

All statements made in this news release that address events or developments that we expect or anticipate may occur in the future are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. These statements, which include projections regarding revenues and losses as well as other statements regarding our future financial condition, are made on the basis of management's current views and assumptions with respect to future events. These forward-looking statements, as well as our prospects as a whole, are subject to risks and uncertainties, including the following: changes in general financial and political conditions such as extended national or regional economic recessions (or expansions), changes in housing demand or mortgage originations, changes in housing values, population trends and changes in household formation patterns, changes in unemployment rates, changes or volatility in interest rates, consumer confidence, or credit spreads; future credit market disruptions - in particular, further deterioration in the housing, mortgage and related credit markets, which would negatively impact our future consolidated results of operations and, if more severe than our current predictions, could cause our ultimate projected losses on our existing mortgage insurance portfolio to be inaccurate; adverse changes in the liquidity in the capital markets and the contraction of credit markets; changes in investor perception of the strength of private mortgage insurers or financial guaranty providers; risks faced by the businesses, municipalities or pools of assets covered by our insurance; the loss of a customer with whom we have a concentration of our insurance in force or the influence of large customers; increased severity or frequency of losses associated with certain of our products that are riskier than traditional mortgage insurance and financial guaranty insurance policies; material changes in the persistency rates of our mortgage insurance policies; losses associated with the aging of our mortgage insurance portfolio; ratings actions with respect to our credit ratings or the insurance financial-strength ratings assigned by the major ratings agencies to our operating subsidiaries - in particular, our ratings that are currently under review for possible downgrade by Moody's; heightened competition from other insurance providers, from federal and state governmental or quasi-governmental entities such as the FHA and from alternative products to private mortgage insurance and financial guaranty insurance; changes in the charters or business practices of Fannie Mae and Freddie Mac; the application of federal or state consumer, lending, insurance and other applicable laws and regulations, or changes in these laws and regulations or the way they are interpreted; the possibility that we may fail to estimate accurately the likelihood, magnitude and timing of losses in connection with establishing loss reserves for our mortgage insurance or financial guaranty businesses or to estimate accurately the fair value amounts of derivative financial guaranty contracts in determining gains and losses on these contracts; changes in accounting guidance from the SEC or the Financial Accounting Standards Board regarding income recognition and the treatment of loss reserves in the mortgage insurance or financial guaranty industries; vulnerability to the performance of our strategic investments; proceeds we may receive from a sale of our interests in C-BASS or the assets of C-BASS or in connection with the exercise of the outstanding option to purchase our remaining interests in Sherman; legal and other limitations on the amount of dividends that we may receive from our insurance subsidiaries; international expansion of our mortgage insurance and financial guaranty businesses into new markets and risks associated with our international business activities. For more information regarding these risks and uncertainties, as well as certain additional risks that we face, investors should refer to the risk factors detailed in Part I, Item 1A of our annual report on Form 10-K for the year ended December 31, 2006. We caution you not to place undue reliance on these forward-looking statements, which are current only as of the date of this news release. We do not intend to, and disclaim any duty or obligation to, update or revise any forward-looking statements made in this news release to reflect new information, future events or for any other reason.

Contact: For Investors: Terri Williams-Perry - phone: 215 231.1486 Email: terri.williams-perry@radian.com

For the media: Steve Frankel / Tim Lynch Joele Frank, Wilkinson Brimmer Katcher 212 355.4449

SOURCE Radian Group Inc.