Radian Releases Delinquency Data for October

  Radian Releases Delinquency Data for October

Business Wire

PHILADELPHIA -- November 07, 2012

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc.,
today released data for primary mortgage insurance delinquencies for October
2012. These details may also be found on Radian’s website at
http://www.radian.biz/page?name=NewsReleases. Previously released historical
data is also available on the website at
http://www.radian.biz/page?name=FinancialReportsMortgageInsurance.

The information below regarding new delinquencies and cures is reported to
Radian from loan servicers. The accuracy of these reports may be affected by
several factors, including the date on which the report is generated and by
the timing of servicing transfers.

                                                       
                                                       October 2012
Primary New Insurance Written ($ in billions)              $4.01
                                                       
Beginning Primary Delinquent Inventory
                                                        94,831
(# of loans)
Plus: New Delinquencies                                 5,666
Less: Cures                                             (5,198)
Less: Paids
                                                        (1,450)
(including those charged to a deductible or captive)
Less: Rescissions and Denials                           81
Ending Primary Delinquent Inventory
                                                        93,930
(# of loans)

* Rescissions and Denials are net of actual reinstatements for the period. For
additional details on reinstatement trends, refer to Slide 21 of Radian’s
Third Quarter 2012 Presentation Slides available in the Investors section of
Radian’s website at www.radian.biz.

Mortgage Insurance Segment Cash Position

As of September 30, 2012, Radian’s mortgage insurance segment had cash and
investments of $3.2 billion, as reported last week in the company’s press
release announcing its third quarter financial results. Recently, a
publication incorrectly cited various financial measures for Radian, including
a misstatement that its mortgage insurance segment had a cash position of $2.1
billion.

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 the United States Private Securities
Litigation Reform Act of 1995. These statements are based on our current
expectations, estimates and projections. Words such as "will," "expects,"
"believes" and similar expressions are used to identify these forward-looking
statements. These statements are only predictions and as such are not
guarantees of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Forward-looking statements are
based upon assumptions as to future events or our future financial performance
that may not prove to be accurate. Actual outcomes and results may differ
materially from what is expressed or forecast in these forward-looking
statements. As a result, these statements speak only as of the date they were
made, and we undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. 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, 2011, Item 1A of Part II of our
Quarterly Reports on Form 10-Q filed in 2012, and subsequent reports and
registration statements filed from time to time with the Securities and
Exchange Commission.

Contact:

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