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01/07/2014

Radian Makes It Easy To Be QM Compliant

PHILADELPHIA--(BUSINESS WIRE)--Jan. 7, 2014-- Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group (NYSE:RDN), announced today the availability of additional training and resources to help lenders comply with the new Qualified Mortgage (QM) rule.

Radian’s 45-minute webinars discuss how QM impacts MI, and the easy QM-compliant product options offered by Radian including the new, lower price for borrower paid MI. To register for the webinars, visit: http://bit.ly/radianwebinars.

“Radian is ready with a variety of simple and QM-compliant MI options for our customers and their borrowers once the rule takes effect on January 10, 2014,” said Brien McMahon, Radian’s chief franchise officer. “Our QM webinars have received tremendous feedback and we are adding more to help assist our customers based on popular demand.”

Radian also offers tools such as Loan Amount Estimator to make QM transition easier. The Loan Amount Estimator (http://www.radian.biz/page?name=LoanAmountEstimator) enables lenders that are capping their debt-to-income ratios (DTI) at 43% the ability to calculate maximum loan amounts and sale prices based on the MI products selected. This tool can also be used for non-MI loans and is available through our MI rate finder app, Radian Rates, available in the App StoreSM for iPhone® and iPad® and for Android devices on Google PlayTM.

To learn more about Radian’s QM solutions and products, visit: www.radian.biz/QM

About Radian

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 Group Inc.
Emily Riley, 215.231.1035
emily.riley@radian.com