RDN Radian Group Inc

Radian Introduces Free After Five; New Mortgage Insurance Option Offers Automatic Cancellation for Consumers; Continued Coverage for Lenders PHILADELPHIA, Sept. 8 /PRNewswire-FirstCall/ -- Radian Guaranty Inc. introduced today a new mortgage insurance (MI) product that automatically cancels after five years. Free After Five rewards borrowers with automatic cancellation of their monthly MI payment and continues coverage for the lender until MI is no longer needed. "Our goal is to help lenders manage their risk while meeting the demands of the market," stated President and Chief Operating Officer Roy J. Kasmar. "Homebuyers are asking for mortgage products that are easy to use, and offer them added value. For borrowers with good credit, Free After Five is an excellent MI option." For homeowners with good credit and a clean payment history, Free After Five offers the ease and security of automatic MI cancellation, in exchange for a slightly higher monthly payment. Coverage continues for the lender or servicer until the mortgage reaches 78% LTV - at no cost to the borrower. 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.radianmi.com/. DATASOURCE: Radian Guaranty Inc. CONTACT: Media: Emily Riley, +1-215-231-1328, ; or Investors: Mona Zeehandelaar, +1-215-231-1674, , both of Radian Web site: http://www.radiangroupinc.com/ http://www.radianmi.com/

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