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

Radian (NYSE:RDN)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024 Plus de graphiques de la Bourse Radian
Radian (NYSE:RDN)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024 Plus de graphiques de la Bourse Radian