Headquartered in Philadelphia, Radian connects lenders, homebuyers, investors and loan servicers using a suite of private mortgage insurance and related risk management products and services.
We help promote and preserve the tradition of homeownership while protecting lenders from default-related losses on residential first mortgages. We also facilitate the sale of low-downpayment mortgages in the secondary market. Our commitment to homeownership is built on a foundation of evaluating credit risk; we help clients and investors expertly and prudently manage risk in any market condition. Radian Group Inc. is traded on the New York Stock Exchange under the symbol RDN.
Radian is a group of separately capitalized companies that share a unified strategic focus. Our core business, Radian Guaranty Inc., provides private mortgage insurance to protect lenders from default-related losses, facilitate the sale of low-downpayment mortgages in the secondary market and enable homebuyers to purchase homes more quickly with downpayments less than 20%.
Other Radian companies include:
Clayton Holdings LLC, headquartered in Shelton, Connecticut, provides information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities. Clayton offerings include risk-based analytics, residential and commercial loan due diligence, consulting, surveillance and staffing solutions. The company provides customized REO management, BPOs, and single family rental services through its Green River Capital subsidiary. A global reach in the financial services industry is provided by the company’s European subsidiary, Clayton EuroRisk. Clayton Holdings LLC is a wholly owned subsidiary of Radian Group Inc. (NYSE: RDN).
Radian Asset Assurance Inc. provided financial guaranty insurance and reinsurance to domestic and international issuers of municipal bonds, asset-backed securities and structured finance transactions. In the third quarter of 2008, we discontinued writing any new financial guaranty business, including accepting reinsurance.
Radian Insurance Inc. is a subsidiary of Radian Guaranty Inc., and provided credit enhancement for capital market transactions and wrote credit insurance on mortgage-related assets, along with net interest margins and second lien mortgages. We have discontinued writing insurance for these and other products in the capital markets.