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03/02/2010

Radian Appoints Robert Griffith as Chief Operating Officer for Mortgage Insurance Business

PHILADELPHIA, Mar 02, 2010 (BUSINESS WIRE) -- Radian Group Inc. today announced that it has appointed Robert Griffith as Executive Vice President and Chief Operating Officer for Radian Guaranty Inc., its principal mortgage insurance subsidiary. In this position, Mr. Griffith will lead the company's operations, loss management and information technology functions. He will report directly to Radian Guaranty President Teresa Bryce.

"Bob is well known and respected in the mortgage industry and we are delighted to welcome him to the Radian team," said Ms. Bryce. "His experience in leading successful mortgage operations for top lenders will strengthen the functions most critical to our mortgage insurance business today."

Mr. Griffith has more than 20 years of experience in mortgage banking. Most recently, he served as senior vice president for Bank of America, where he was responsible for a nationwide network of loan fulfillment centers providing underwriting, processing and loan funding services. Prior to that, he was president and chief executive officer for Irwin Mortgage Corporation.

Mr. Griffith has served as a director of the Mortgage Bankers Association, and as chairman of its Residential Board of Governors. He has been a member of both the Fannie Mae National Advisory Council and the Housing Policy Council of the Financial Services Roundtable. Mr. Griffith holds a J.D. from Duke University and a B.S. in Economics from James Madison University.

About Radian

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance and related risk management products and services to mortgage lenders nationwide through its principal operating subsidiary, Radian Guaranty Inc. These services help promote and preserve homeownership opportunities for homebuyers, while protecting lenders from default-related losses on residential first mortgages and facilitating the sale of low-downpayment mortgages in the secondary market. Additional information may be found at www.radian.com.

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SOURCE: Radian Group Inc. 

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