RDN Radian Group Inc

PHILADELPHIA, April 24 /PRNewswire-FirstCall/ -- Radian Guaranty Inc., a provider of mortgage insurance and subsidiary of global credit risk management company Radian Group Inc. (NYSE:RDN), today announced that Russell E. Johnson has joined the company as Senior Vice President, Loss Management. In this position, Mr. Johnson will oversee Radian's approach to mitigate and manage losses on defaulted loans. His responsibilities will include default reporting, loss mitigation, claims processing and investigative services. Mr. Johnson brings more than 14 years of financial services experience to Radian, having most recently served as senior vice president and director of Servicing Operations for American Residential Equities, Inc., where he managed distressed pools of mortgage loans and instituted processes to enhance their profitability. Prior to that, Mr. Johnson was the vice president and national servicing manager at Washington Mutual Bank where he was responsible for servicing a subprime mortgage portfolio in excess of $15 billion. Mr. Johnson also spent nine years at Wells Fargo where he created and directed a subprime mortgage servicing platform to manage a multibillion-dollar portfolio. "Rusty is a forward-thinking, experienced professional with great knowledge of both the mortgage servicing industry and best practices in loss mitigation," said Mark Casale, president - Radian Guaranty. "I am pleased to have someone with Rusty's talent and experience join our team." Mr. Johnson earned his B.S. degree from Bryant University. About Radian Group Radian Group Inc. is a global credit risk management company headquartered in Philadelphia with significant operations in both New York and London. Radian develops innovative financial solutions by applying its core mortgage credit risk expertise and structured finance capabilities to the credit enhancement needs of the capital markets worldwide, primarily through credit insurance products. The company also provides credit enhancement for public finance and other corporate and consumer assets on both a direct and reinsurance basis and holds strategic interests in active credit-based consumer asset businesses. Additional information may be found at http://www.radian.biz/. DATASOURCE: Radian Group Inc. CONTACT: For investors - Mona Zeehandelaar of Radian Group, +1-215-231-1674, email: , or For the media - Radian Group Corporate Communications, +1-888-NEWS-520, email: Web site: http://www.radian.biz/

Copyright