PRESS RELEASE


Radian Guaranty Launches Program to Keep Borrowers in Homes

PHILADELPHIA, Pa.--(April 3, 2008)--Radian Guaranty, the primary mortgage insurance subsidiary of Radian Group Inc., today announced the launch of Radian FastAdvance, a program that provides quick, partial claims advances that allow residential mortgage servicers to assist distressed borrowers by modifying the terms of a loan (such as a rate reduction) or by structuring a customized repayment plan. Radian Guaranty Inc. also announced a partnership with Consumer Credit Counseling Service of Delaware Valley that will provide education, customized assistance, and a method of direct communication between borrowers and servicers using the Radian FastAdvance program.

The Company noted that the current economic environment has created a significant number of loan defaults and that loan servicers are currently attempting to manage these cases by providing more options to help people remain in their homes. Since there is no single solution that will help every borrower, Radian is advancing funds to servicers so they can take the specific action required to keep borrowers in their homes rather than proceeding with a stressful and costly foreclosure process.

In addition to FastAdvance, Radian Guaranty's partnership with Consumer Credit Counseling Service of Delaware Valley provides borrowers access to third-parties that can assist them in sorting through all of their options. Radian and its servicing partners are seeking to rebuild borrower confidence by providing them with the tools they need to understand their financial options.

"The combination of the Radian FastAdvance program and the partnership with the CCCS is a sign of progress in helping borrowers and servicers navigate what has been a very difficult market environment," said Paul Fischer, Radian Guaranty's Executive Vice President of Loss Management. "Having such a respected, independent counseling organization available will give individual borrowers the confidence to work through their situation."

Radian FastAdvance has been successfully piloted for several months and has received favorable reactions from mortgage servicers who have participated in the program. "Radian FastAdvance allows the front line servicing specialist additional flexibility in providing customized assistance for the borrower in today's challenging environment," said Matt McCrodden, Director of Default Administration, Option One Mortgage Company.

Mr. Fischer concluded, "One of our first cases enabled the mortgage servicer to modify an adjustable rate mortgage to a lower fixed rate. This resulted in a significantly reduced and affordable payment for the borrower. Our goal is for all mortgage servicers to make use of Radian FastAdvance so that borrowers with the desire and the ability to work through their situation are able to stay in their homes."





SOURCE: Radian Guaranty