Radian to Provide Mortgage Insurance on HarmonyLoan™ Feature

  Radian to Provide Mortgage Insurance on HarmonyLoan™ Feature

Innovative Mortgage Technology Solution Helps Homeowners Refinance Quickly and

Business Wire

PHILADELPHIA -- November 16, 2012

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc.,
today announced that it will provide MI on loans within the HamonyLoan™
platform. HarmonyLoan is a mortgage feature designed by Mortgage Harmony
Corp., a financial services technology company and provider of innovative
residential mortgage products.

HarmonyLoan can be applied to fixed-rate or adjustable rate mortgages (ARM),
conventional or jumbo loans, and on new and existing mortgages. It allows a
borrower to adjust the interest rate on their loan without the need for a
traditional rate-term refinance. When there is at least a 25 basis point
reduction in their mortgage market rate, the homebuyer can reset their
mortgage rate with just one click on a personalized, secure, web-based site
without the expense and hassle of a traditional refinance.

“Over the last several years, the mortgage industry has been struggling to
cure many of the problems affecting homebuyers unable to take advantage of
lower interest rates and at the same time, reclaim the homebuyers’
confidence,” says Keith Kelly, Mortgage Harmony CEO. “Innovation and change
are critical to moving forward. Mortgage Harmony is pleased to have a highly
regarded mortgage insurer like Radian working with us to move this innovative
feature into the mortgage market. It is a simple, easy and cost effective way
for lenders to help homebuyers, while helping themselves.”

“We are pleased to offer prospective homebuyers the opportunity to purchase
their home with a mortgage feature that gives them greater flexibility,” said
Brien McMahon, Radian’s Chief Franchise Officer. “HarmonyLoan allows a
homeowner to lower their interest rate and monthly mortgage payment without
the closing costs and administrative burden of a traditional refinance. It
ultimately improves their financial position, which is a win-win for

A demo of HarmonyLoan’s One-Click Rate Change™ is available at

  *Username: demo@mortgageharmony.com
  *Password: password1

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.

Mortgage Harmony Corp. designs, develops and distributes innovative
residential mortgage products for mid-size and large banks, credit unions and
mortgage companies. Its mission is to create products and services that
properly align the economic incentives of all participants of a mortgage
transaction and bring long-term stability to the housing finance industry. The
HarmonyLoan™ is a consumer-initiated interest rate-resetting mortgage with a
recurring compensation structure for the loan officer. For more information on
Mortgage Harmony and the HarmonyLoan™, please visit www.mortgageharmony.com.


Radian Group Inc.
Emily Riley, 215-231-1035
Mortgage Harmony Corp.
Kevin Ziolkowski, 925-292-4799
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