NAREB Partners with Radian
Agreement Makes Radian the Exclusive Private Mortgage Insurer Partner to the
Real Estate Group
WASHINGTON, July 28, 2014
WASHINGTON, July 28, 2014 /PRNewswire/ --The National Association of Real
Estate Brokers (NAREB) has entered into a two-year partnership with Radian
Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc. (NYSE:
RDN). The partnership, which could be extended beyond 2016 by mutual
agreement, will provide training on private mortgage insurance solutions to
the NAREB 93-chapter network.
"Radian is an excellent partner and the timing for this strategic partnership
couldn't be better," said Donnell Spivey, NAREB's President. "As more African
American and other minorities buy homes, many families unable to afford the
requisite 20 percent downpayment will need private mortgage insurance. We're
preparing NAREB members to educate buyers on this product."
Under the agreement, Radian will develop a nationwide training program that
educates NAREB member agents ("Realtists") and lenders about private mortgage
insurance through on-demand training, face-to-face sessions, video and
interactive webinars so they can, in turn, better inform their consumers.
"Both Radian and NAREB share a mutual commitment to ensure that minority
homeowners realize the American dream of homeownership in a sustainable way,"
said Brien McMahon, Radian's Chief Franchise Officer. "Minorities are critical
to the recovery of the housing market and the U.S. economy and Radian will
work directly with NAREB to provide consumers with information, tools and
resources to make the right choices."
According to the Harvard Joint Center on Housing Studies' report on the State
of the Nation's Housing, minorities will constitute nearly 13 million of the
17 million new households formed from 2010 to 2025. The partnership comes at a
crucial time when minority homeownership rates have dropped sharply and in
particular, the gap between black/white homeownership is expanding.
NAREB was formed in 1947 out of a need to secure the right to equal housing
opportunities, regardless of race, creed or color. Today, NAREB has chapters
in 33 states. www.nareb.com.
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. www.radian.biz.
Contact: NAREB, + 1 (301) 552-9340, Joanne Williams, +1 (215-519-2831,
firstname.lastname@example.org; Radian, +1 (215) 231-1035,
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