Radian Adds Mortgage Industry Veteran to Serve as Chief Policy Officer, Government and Industry Relations
PHILADELPHIA--(BUSINESS WIRE)--Mar. 18, 2013--
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian
Group Inc. (NYSE: RDN), today announced the addition of 30-year mortgage
industry veteran, Phillip Bracken, to the team. In the newly created
role of Chief Policy Officer – Government and Industry Relations,
Bracken will represent Radian on Capitol Hill, by promoting a more
traditional balance between private and public capital in the mortgage
finance market.
Bracken brings more than 30 years of mortgage industry experience to
Radian, most recently serving as an executive consultant for private
enterprise clients in the housing, financial services and consumer
sectors. Prior to that, Bracken spent 15 years as an executive at Wells
Fargo, where he managed government and industry relations, and policy
development, for the Home Mortgage and Consumer Finance Group.
Earlier in his career, Bracken also held senior leadership roles at
Prudential Home Mortgage in St. Louis, Missouri, and America’s Mortgage
Company in Springfield, Illinois.
Bracken is well recognized, having won a variety of national awards for
leadership and achievement within the mortgage industry, including a
lifetime achievement award from the National Association of Real Estate
Brokers and the Mortgage Bankers Association of America.
“As the housing market gains momentum, we need a strong, dedicated voice
on Capitol Hill who will advocate for Radian and for balance within the
mortgage industry, which is why we created this important role,” said
Teresa Bryce Bazemore, president of Radian Guaranty. “Phil brings a
wealth of industry experience and an impressive leadership background
that make him a credible spokesperson for positive change in our
industry.”
Bracken stated, “I have dedicated much of my career to protecting and
promoting sustainable homeownership through my work in government and
industry relations. I’m pleased to join the Radian team, and look
forward to working closely with Teresa and the leadership team as they
have already made tremendous progress in Washington, DC, on behalf of
the private MI industry.”
Bracken is the co-chairman of the Consumer/Lender Roundtable in
Washington, DC; and president of the Housing Renaissance, a group that
comprises the top housing industry leaders in the country.
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides
private mortgage insurance and related risk mitigation 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.
Source: Radian Group Inc.
Radian
Emily Riley, 215-231-1035
emily.riley@radian.com
