Las Vegas, NV -- (SBWIRE) -- 01/23/2014 -- Radian Group Inc (NYSE:RDN) operates as a credit enhancement company in the United States through its subsidiaries.
Radian Group Inc operates in two segments which are Mortgage Insurance and Financial Guaranty. The Mortgage Insurance segment provides credit related insurance coverage, through private mortgage insurance that protects mortgage lenders from a portion or all of the default related losses on residential mortgage loans that are made to home buyers and facilitates the sale of these mortgage loans in the secondary mortgage market and risk management services to mortgage lending institutions. This segment is focused on providing domestic first-lien residential mortgage insurance products and services. This segment of the company serves mortgage bankers, commercial banks, savings institutions, mortgage brokers, credit unions, and community banks.
The Financial Guaranty segment of Radian Group Inc provides financial guaranty insurance on its portfolio of public finance and structured finance credits.
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