Radian and NAREB Extend Exclusive Relationship
10 August 2016 - 8:30PM
Business Wire
Radian remains sole private mortgage
insurance partner to prominent minority-focused housing advocacy
group
Radian Guaranty Inc., the mortgage insurance subsidiary of
Radian Group Inc. (NYSE:RDN) together with the National Association
of Real Estate Brokers (NAREB) today announced they have extended
their partnership for another two years. The strategic partnership,
through which Radian provides nationwide training on private
mortgage insurance solutions to NAREB’s 90-chapter network, is
unique in the private mortgage insurance industry and serves to
reinforce Radian’s national housing advocacy platform. NAREB, a
leading activist real estate trade organization, is committed to
embracing all qualified real estate practitioners aligned with its
“Democracy in Housing” mission.
“NAREB is pleased to continue our partnership with Radian. Black
American homebuyers deserve the top-of-the line services offered by
Radian which we know work to increase homeownership among a market
segment struggling to recover from the nation’s economic downturn,”
said Ron Cooper, President, NAREB. “Our collective efforts not only
work to rebuild Black American wealth through homeownership, but
also offer our members the tools, training and products that
enviably position them as trendsetters in the real estate
profession.”
According to select findings within the 2015 U.S. Census Bureau
Report, minority groups have a 20 percent lower homeownership rate
relative to the overall population. With minorities set for
significant growth in the coming decades, Radian has recognized the
need to promote solutions to prospective minority homebuyers in
order to help close the wealth gap with increased home
ownership.
Radian’s nationwide training program educates NAREB member
agents and lenders about private mortgage insurance and other home
buying solutions for first-time/high LTV borrowers. The program
covers topics ranging from home equity and mortgage payments to
determining which kinds of mortgage insurance are most appropriate
for specific borrowers through interactive webinars and
face-to-face sessions upon request.
“The participation of minority groups in our housing sector is
critical to the future health of the US economy,” remarked Brien
McMahon, Radian's Chief Franchise Officer. “As a leading private
sector mortgage insurer dedicated to the health of the housing
markets, Radian has adopted a national housing advocacy platform
highlighted by relationships like our successful partnership with
NAREB. Through joint initiatives such as this which provide useful
information, tools and resources we are confident we can make a
difference and help make homeownership a reality for deserving
consumers of all demographics.”
About NAREB
NAREB was formed in 1947 out of a need to secure the right to
equal housing opportunities, regardless of race, creed or color.
Today, NAREB has 90 chapters in 33 states. www.nareb.com.
About Radian
Radian Group Inc. (NYSE:RDN), headquartered in Philadelphia,
provides private mortgage insurance, risk management products and
real estate services to financial institutions. Radian offers
products and services through two business segments:
- Mortgage Insurance, through its
principal mortgage insurance subsidiary Radian Guaranty Inc. This
private mortgage insurance protects lenders from default-related
losses, facilitates the sale of low-down payment mortgages in the
secondary market and enables homebuyers to purchase homes more
quickly with down payments less than 20%.
- Mortgage and Real Estate Services,
through its principal services subsidiary Clayton, as well as Green
River Capital, Red Bell Real Estate and ValuAmerica. These
solutions include information and services that financial
institutions, investors and government entities use to evaluate,
acquire, securitize, service and monitor loans and asset-backed
securities.
Additional information may be found at www.radian.biz.
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version on businesswire.com: http://www.businesswire.com/news/home/20160810005354/en/
Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
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