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Radian Adds Unemployment Insurance to Coax Would-Be Homebuyers

Radian Group Inc. will broaden some mortgage-insurance policies to provide relief when borrowers lose their jobs, in a bid to stoke demand among homebuyers pressured by government fees and tight access to credit.

The insurer will give the coverage to buyers putting down less than 5 percent of the price of their homes, according to Teresa Bazemore, president of Philadelphia-based Radian’s mortgage-insurance unit.