New Servicer Advocacy Group Created to Reduce Foreclosures

Offers Range of Services Designed to Mitigate Losses and Aid Borrowers

Radian Guaranty, the mortgage insurance subsidiary of Radian Group Inc. (NYSE:RDN), announced today that it has established the Servicer Advocacy Group, a new program aimed at keeping more homeowners in their homes.

Under the new program, Radian will lend its considerable expertise in loan workouts and loss mitigation to mortgage servicers, helping them craft creative and flexible solutions that will help distressed homeowners remain in their homes.

“The number one goal of this program is to help keep more homeowners in their homes, especially important during this turbulent time,” said Cam Melchiorre, Senior Vice President, Loss Management for Radian Guaranty. “We will work closely with mortgage servicers to make sure they have access to a wide range of products and services that can help homeowners who are struggling.

“As a mortgage insurer, we have a vested interest in keeping homeowners in their homes. We also have sophisticated resources to assist with workouts. By applying a structured regional approach to the unique real estate needs of affected communities, we look forward to a win-win-win solution that benefits homeowners as well as servicers and Radian.

“All three of us – the mortgage servicing community, Radian Guaranty and, most importantly, our homeowner customers – want nothing more than to help struggling homeowners remain in their homes.”

The Servicer Advocacy Group will be organized into three regions – Western, Eastern and Central. Each region will be led by a Vice President of Servicer Advocacy. The Western region will be run by Liz Johnson. The East region will be managed by Chris Wagner, and Connie Childs will oversee the Central region. All three of the Vice Presidents will report to Cam Melchiorre.

The regions will be supported by regional Servicer Advocacy Representatives. These Representatives will work directly with servicers to implement a custom-designed “Servicer Solution Set” – a set of loss mitigation tools designed to meet each servicer’s specific needs.

The “Servicer Solution Set” includes:

• Radian FastAdvance: A default solution that provides quick, partial claims advances.