RDN Radian Group Inc

Radian Appoints Mark Casale Senior Vice President, Capital Markets PHILADELPHIA, Feb. 14 /PRNewswire-FirstCall/ -- Radian Guaranty Inc., a leading provider of mortgage insurance and subsidiary of Radian Group Inc. (NYSE:RDN) today named Mark A. Casale to senior vice president, capital markets. In this role, Mr. Casale will be responsible for the continued growth of Radian's customized credit enhancement products and services in the profitable non-prime mortgage markets. Mr. Casale previously had been Radian's senior vice president, strategic investments. Prior to joining Radian in 2001, Mr. Casale was with Advanta Corporation, where he held several executive positions in the company's Mortgage group, focusing on the company's growth in non-prime mortgage and capital markets. As senior vice president, corporate finance service, Mr. Casale formed a division that offered business-to-business capital market services including securitization access and financing to midsize mortgage bankers. "Over the last several years, Radian has built a strong foundation of success in the global mortgage marketplace," said Roy J. Kasmar, president and COO of Radian. "Mark has a deep knowledge of Radian's core strengths and proven expertise in the capital markets. In this position, he can apply our sound risk management strategies toward the development of new, profitable credit enhancement solutions that will benefit our customers, partners and investors." Mr. Casale will lead Radian's Capital Markets channel, which focuses on providing prudent, sustainable credit enhancement services to the non-prime mortgage market. Through the Capital Markets channel, Mr. Casale will help Radian identify and pursue profitable transactions that will originate, structure and close investment and non-investment grade credit business, including traditional bulk MI and other structured credit mortgage business. Radian recently announced a structured finance transaction to help the company manage its non-prime mortgage risk. The solution involved a transaction with Smart Home Reinsurance 2005-1 Limited, a company which was created and funded through the sale of $98.5 million of credit-linked notes backed by a $1.68-billion pool of Radian-insured Alt-A mortgage loans. As senior vice president, capital markets, Mr. Casale will replace Trez Moore, who is leaving Radian. Mr. Casale will remain actively involved in C- BASS and Sherman, leading financial services companies in which Radian has strategic investments. "With international growth and innovative solutions such as Smart Home, Radian is well positioned for continued success in the credit enhancement market," said Mr. Casale. "I'm looking forward to working with our customers and partners to build on that momentum." About Radian Guaranty Inc. Radian Guaranty Inc. is the mortgage insurance subsidiary of Radian Group Inc. (NYSE:RDN), a global credit enhancement company headquartered in Philadelphia. Radian Guaranty provides risk management products and services to mortgage lenders nationwide; these services increase opportunities for people to buy homes with little or no downpayment, protect lenders from default-related losses on residential first mortgages and facilitate the sale of low-downpayment mortgages in the secondary market. Additional information may be found at http://www.radian.biz/. All statements in this press release that address operating performance, events or developments that we expect or anticipate may occur in the future are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's current views and assumptions with respect to future events. The forward-looking statements are subject to risks and uncertainties including the following: changes in general financial and political conditions, such as extended national or regional economic recessions (or expansions), changes in housing values, changes or volatility in interest rates, or other political instability; changes in investor perception of the strength of private mortgage insurers or financial guaranty providers, and risks faced by the businesses, municipalities or pools of assets covered by Radian's insurance; the loss of significant customers with whom Radian has a concentration of its insurance in force; rising delinquencies in mortgage loans insured by Radian resulting from increased consolidation of mortgage lenders and servicers; increased severity or frequency of losses associated with certain Radian products that are riskier than traditional mortgage insurance and municipal guaranty insurance policies; material changes in persistency rates of Radian's mortgage insurance policies; downgrades of the insurance financial-strength ratings assigned by the major ratings agencies to Radian's operating subsidiaries; intense competition from others and from alternative products to private mortgage insurance and financial guaranty insurance; changes in the business practices of Fannie Mae and Freddie Mac; legislative and regulatory changes affecting demand for private mortgage insurance and financial guaranty insurance; changes in claims against mortgage insurance products resulting from the aging of Radian's mortgage insurance policies; changes in Radian's ability to maintain sufficient reinsurance capacity in an increasingly concentrated reinsurance market; vulnerability to the performance of Radian's strategic investments; and the loss of executive officers or other key personnel. Investors are also directed to other risks discussed in documents filed by Radian with the SEC, including the factors detailed in our annual report on Form 10-K for the year ended December 31, 2003 in the section immediately preceding Part I of the report. Radian does not intend to and disclaims any duty or obligation to update or revise any forward-looking statements made in this press release to reflect new information, future events or for any other reason. DATASOURCE: Radian Guaranty Inc. CONTACT: For investors: Mona Zeehandelaar, +1-215-231-1674, ; For the media: David Cheung, +1-215-231-1362, , both of Radian Web site: http://www.radian.biz/

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