Radian Extends Exclusive Partnership with Asian Real Estate Association of America

Collaboration celebrated for helping Asian Americans increase
homeownership through educational tools and meaningful public advocacy
support

PHILADELPHIA–(BUSINESS WIRE)–Radian Guaranty Inc., the private mortgage insurance (MI) subsidiary of
Radian Group Inc., today announced the two-year extension of its
exclusive partnership with the Asian Real Estate Association of America
(AREAA), a nonprofit professional trade organization dedicated to
promoting sustainable homeownership opportunities in Asian
American/Pacific Islander (AAPI) communities. Radian first partnered
with AREAA in 2015 for an exclusive two-year term and on the basis of
that successful relationship, both organizations decided to renew their
ties through December 2018. According to the terms of the renewed
agreement, Radian will continue to work with AREAA to create broader
lending options for AAPI consumers, including the Association’s 15,000 +
members, by supporting the Association’s policy agenda, regional growth
strategy and member education initiatives.

“Radian and AREAA have made impressive inroads toward advancing the
policy goals and housing market education of the AAPI community, and we
are pleased that our partnership has helped contribute to the growth of
AREAA’s membership by more than 1,000 professionals,” said Brien
McMahon, Radian’s chief franchise officer. “Looking ahead through to the
end of 2018, we look forward to helping expand AREAA’s reach across the
country’s main markets and contributing to continued member education
about new developments in MI, smart ways to leverage MI and the various
mortgage options available. Our partnership also will position us to
help AREAA’s policy goals such as its “Millennial Program” aimed at
assisting those between 18–34 years of age achieve homeownership, and
its legislative agenda, which includes advocating for deeper cover MI,
modern credit scoring models and the MI tax deduction.”

According to the 2015 Home Mortgage Disclosure Act (HMDA) report, the
AAPI community represented the largest minority users of conventional
conforming products in terms of dollar amounts as well as units. The
AAPI community is also the fastest growing segment of the US population,
and is projected to remain so through the year 2050. As this
fast-growing community works toward achieving an ever greater stake in
the American dream of homeownership, Radian offers the tools, training,
and advocacy support to help them make the best, most informed mortgage
decisions.

Radian and AREAA plan to further collaborate on the Association’s
regional strategy into a number of markets across the country. The
partnership will also advance educational training through Radian’s
webinar series, continue to advance AREAA’s policy agenda, and lend
support to AREAA’s Millennial Program.

“AREAA is proud to extend our partnership with Radian as our exclusive
mortgage insurance partner through December 2018,” commented 2017 AREAA
National President Angie Lee. “Many Asian Americans mistakenly believe
that you need to have 20 % downpayment to finance a home. This concept
delays homeownership and slows down wealth creation in our community.
AREAA is excited to work with Radian to educate our community about ways
to responsibly make homeownership a reality today and build wealth for
our future.”

About Radian

Radian Group Inc. (NYSE:RDN), headquartered in Philadelphia, provides
private mortgage insurance, risk management products and real estate
services to financial institutions. Radian offers products and services
through two business segments:

  • Mortgage Insurance, through its principal mortgage insurance
    subsidiary Radian Guaranty Inc. This private mortgage insurance
    protects lenders from default-related losses, facilitates the sale of
    low-downpayment mortgages in the secondary market and enables
    homebuyers to purchase homes more quickly with downpayments less than
    20%.
  • Mortgage and Real Estate Services, through its principal
    services subsidiary Clayton Holdings LLC, as well as Green River
    Capital and Red Bell Real Estate. These solutions include information
    and services that financial institutions, investors and government
    entities use to evaluate, acquire, securitize, service and monitor
    loans and asset-backed securities.

Additional information may be found at www.radian.biz.

About AREAA

Founded in 2003, AREAA is a nonprofit professional trade organization
dedicated to promoting sustainable homeownership opportunities in Asian
American communities by creating a powerful national voice for housing
and real estate professionals that serve this dynamic market.

AREAA will accomplish these goals by:

  • Creating a powerful national voice for housing and real estate
    professionals that serve this dynamic market
  • Advocating for policy positions at the national level that will reduce
    barriers to homeownership for the AAPI community
  • Increasing business opportunities for mortgage and real estate
    professionals that serve this growing community
  • Hosting National and Local events to educate and inform members about
    housing issues and developments affecting the AAPI community
  • Conducting trade missions throughout Asia to develop business
    partnerships and increase brand awareness

AREAA’s membership represents a vast array of cultural, ethnic, and
professional backgrounds. AREAA is open to anyone and everyone who works
with, or seeks to work with, the AAPI community. With over 15,000
members in 35 chapters across the US and Canada, AREAA is the largest
Asian organization in North America.

Contacts

Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.biz