News

05/20/2010

"Radian Is Ready" Campaign Reinforces Company's Ability to Write More Business as Markets Recover

PHILADELPHIA, May 20, 2010 (BUSINESS WIRE) --Radian Guaranty Inc., the private mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE:RDN), today announced the launch of a broad-spectrum marketing campaign, "Radian Is Ready." Designed with mortgage lenders in mind, the new campaign highlights Radian's readiness for writing new MI business, as well as the company's position as a compelling alternative to FHA, the government's mortgage insurance product. The campaign reaches out to lenders through a custom website at www.RadianIsReady.com, which features the President of Radian's MI business, Teresa Bryce, as well as sample scenarios and a video featuring the benefits of private versus government-funded MI.

"Now more than ever, Radian is committed to being the partner our lenders need to originate profitable business and promote homeownership for low downpayment borrowers," said Bryce. "Not only do we have the capacity to write more business, but we also believe we have the guidelines, products and financial stability to help lenders compete and win business in the midst of a recovering economy."

In today's recovering market, Radian is working to educate lenders on the competitive advantages of providing borrowers with flexible MI payment options over the FHA's one product approach. Radian's diverse line of products, including single (or single-financed) premium MI, is an especially appealing alternative to the FHA's high upfront premiums by offering lower monthly payments and minimal funds needed at closing. With single premium MI, borrowers pay a one-time lump sum payment, or, if they do not have sufficient funds at closing, Radian's single-financed premium allows them to finance their MI payment into the loan amount. Additional borrower benefits include:

• Qualification for a larger loan due to the lower payment;
• A tax-deductible MI premium;
• A single monthly payment;
• Monthly payments that never vary;
• The lowest MI cost option for most consumers.

Lender benefits for this type of MI include the possibility of attracting more borrowers, increased profitability, more loan closings, reduced servicing costs and larger servicing values due to larger loan amounts.

Radian offers a variety of other cost-effective MI solutions, including borrower-paid MI, where the borrower pays the MI premium monthly; lender-paid MI, where lenders pay the MI premium on the borrower's behalf and charge a slightly higher interest rate; and SplitEdge(R), where the MI cost is split into an upfront premium and a reduced monthly renewal. All of these products offer specialized advantages to both borrowers and lenders. The cost benefits of each product are available via the Radian Decision(R) calculator, an educational tool that enables lenders to compare payment amounts and loan costs to choose the best MI option for their borrower.

From low upfront premiums to multiple MI options, Radian offers an unparalleled level of flexibility, less time and cost for processing, lower monthly payments, increased borrower savings over time and larger loan amounts. With the launch of the "Radian Is Ready" marketing campaign, the company will continue to educate lenders on the many benefits of private MI, helping them develop a better balance between it and FHA. For more information, please visit www.RadianIsReady.com.

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.

Forward-Looking Statements

Some of the statements in this press release may constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, estimates and projections. Words such as "will," "expects," "believes" and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events or our future financial performance that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed or forecast in these forward-looking statements. As a result, these statements speak only as of the date they were made, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information regarding the risks and uncertainties that we face, you should review the risks described under Item 1A, "Risk Factors" under our Quarterly Report on Form 10-Q for the period ended March 31, 2010 and subsequent reports filed with the Securities and Exchange Commission.

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SOURCE: Radian Group Inc.

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