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Radian Says Regulator Demands Information in Housing Probe

Aug. 9 (Bloomberg) -- Radian Group Inc., the mortgage insurer, said it received a civil investigative demand from the Consumer Financial Protection Bureau for information about possible violations of laws that protect homebuyers from abuses.

The demand was received in June and focuses on whether home lenders and mortgage insurers ran afoul of rules including the Dodd Frank act and Consumer Financial Protection Act, Philadelphia-based Radian said today in a regulatory filing.

“We are cooperating with the CFPB in its investigation,” the company said today, reiterating a passage from an Aug. 1 statement that previously disclosed the probe.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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