Radian Adds Mortgage Industry Veteran to Serve as Chief Policy Officer,
Government and Industry Relations
PHILADELPHIA -- March 18, 2013
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group
Inc. (NYSE: RDN), today announced the addition of 30-year mortgage industry
veteran, Phillip Bracken, to the team. In the newly created role of Chief
Policy Officer – Government and Industry Relations, Bracken will represent
Radian on Capitol Hill, by promoting a more traditional balance between
private and public capital in the mortgage finance market.
Bracken brings more than 30 years of mortgage industry experience to Radian,
most recently serving as an executive consultant for private enterprise
clients in the housing, financial services and consumer sectors. Prior to
that, Bracken spent 15 years as an executive at Wells Fargo, where he managed
government and industry relations, and policy development, for the Home
Mortgage and Consumer Finance Group.
Earlier in his career, Bracken also held senior leadership roles at Prudential
Home Mortgage in St. Louis, Missouri, and America’s Mortgage Company in
Bracken is well recognized, having won a variety of national awards for
leadership and achievement within the mortgage industry, including a lifetime
achievement award from the National Association of Real Estate Brokers and the
Mortgage Bankers Association of America.
“As the housing market gains momentum, we need a strong, dedicated voice on
Capitol Hill who will advocate for Radian and for balance within the mortgage
industry, which is why we created this important role,” said Teresa Bryce
Bazemore, president of Radian Guaranty. “Phil brings a wealth of industry
experience and an impressive leadership background that make him a credible
spokesperson for positive change in our industry.”
Bracken stated, “I have dedicated much of my career to protecting and
promoting sustainable homeownership through my work in government and industry
relations. I’m pleased to join the Radian team, and look forward to working
closely with Teresa and the leadership team as they have already made
tremendous progress in Washington, DC, on behalf of the private MI industry.”
Bracken is the co-chairman of the Consumer/Lender Roundtable in Washington,
DC; and president of the Housing Renaissance, a group that comprises the top
housing industry leaders in the country.
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.
Emily Riley, 215-231-1035
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