NAHREP Signs Two-Year Partnership with Radian
02 Octobre 2013 - 12:00PM
Business Wire
Agreement Makes Radian the Exclusive Private
Mortgage Insurer Partner to Hispanic Real Estate Group
The National Association of Hispanic Real Estate Professionals
(NAHREP), the nation’s largest housing industry trade group for
Latinos, has entered into a two-year partnership with Radian
Guaranty Inc., the mortgage insurance subsidiary of Radian Group
Inc. (NYSE:RDN). The partnership, which could be extended beyond
2015 by mutual agreement, will provide training on private mortgage
insurance solutions to the association’s 20,000 members, according
to NAHREP officials who announced the transaction at the group’s
national convention this week.
“Radian is an excellent partner and the timing for this
strategic partnership couldn’t be better,” said Juan Martinez,
NAHREP President. “As more Latinos buy homes, those families who do
not have the requisite 20 percent downpayment will need private
mortgage insurance. Our members must be able to educate buyers on
this product.”
Under the agreement, Radian will develop a nationwide training
program that educates NAHREP member agents and lenders about
private mortgage insurance through on-demand training, face-to-face
sessions, video and interactive webinars so they can, in turn,
better inform Hispanic consumers.
“Radian and NAHREP share a mutual commitment to ensure that
Latinos realize the American dream of homeownership in a
sustainable way,” said Brien McMahon, Radian’s Chief Franchise
Officer. “The Latino community is critical to the country’s housing
and economic recovery and this partnership allows Radian to work
directly with NAHREP to provide Latinos with information, tools and
resources to make the right choices.”
The partnership comes at a time when the market is entering an
era where Latinos are emerging as a consumer force. According to
the Harvard Joint Center for Housing Studies, Latinos are expected
to constitute 40 percent of the 17 million new households formed
from 2010 to 2025.
Radian becomes the latest national brand to secure a Diamond
level partnership – the highest possible sponsorship tier – with
the 14-year-old minority trade association. This will give the
Philadelphia-based private mortgage insurer prominent visibility at
the association’s annual convention, its policy conference and
chapter meetings across the country.
About NAHREP
The National Association of Hispanic Real Estate Professionals,
a non-profit 501(c)(6) trade association, is dedicated to
increasing the homeownership rate among Latinos by educating and
empowering the real estate professionals that serve them. Based in
San Diego, NAHREP is the premier trade organization for Hispanics
and has more than 20,000 members in 48 states and 40 affiliate
chapters.
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.biz.
Forward-Looking Statements
Some of the statements in this press release may constitute
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities and
Exchange Act of 1934 and the United States Private Securities
Litigation Reform Act of 1995. Words such as "will," "expects,"
"believes" and similar expressions are used to identify these
forward-looking statements. These forward-looking statements, which
may include without limitation, projections regarding our future
performance and financial condition, are made on the basis of
management’s current views and assumptions with respect to future
events. Any forward-looking statement is not a guarantee of future
performance and actual results could differ materially from those
contained in the forward-looking statement. These statements speak
only as of the date they were made, and we undertake no obligation
to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. We operate
in a changing environment. New risks emerge from time to time and
it is not possible for us to predict all risks that may affect us.
For more information regarding these risks and uncertainties as
well as certain additional risks that we face, you should refer to
the Risk Factors detailed in Item 1A of Part I of our Annual Report
on Form 10-K for the year ended December 31, 2012 and
subsequent reports and registration statements filed from time to
time with the Securities and Exchange Commission.
NAHREPMary Mancera,
760-634-5007mary@phasetwocommunications.comorRadianEmily Riley,
+1-215-231-1035emily.riley@radian.biz
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