Executives

An introduction to the executive officers of Radian.

S.A. Ibrahim

S.A. Ibrahim

Chief Executive Officer
Radian Group Inc.
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S.A. Ibrahim is chief executive officer of Radian Group Inc. (NYSE: RDN), based in Philadelphia, Pennsylvania. Radian is one of the largest private mortgage insurers of U.S. residential mortgages, with a core focus of protecting mortgage lenders from default-related losses. Radian has also provided financial guaranty insurance and currently maintains a sizable insured portfolio of municipal bonds and structured finance transactions. Through its business lines, Radian has managed a total credit exposure in excess of $150 billion.

Under Mr. Ibrahim’s leadership, Radian has emerged, from one of the worst economic and housing related downturns, as a market leader. Since 2007, Radian has doubled its private mortgage insurance market share and written more than $100 billion of high-quality new business.

Prior to joining Radian, Mr. Ibrahim was the CEO of GreenPoint Mortgage Funding based in Novato, California. Under his leadership, GreenPoint Mortgage transformed itself from a small mortgage originator to one of the leading U.S. mortgage originators.

Mr. Ibrahim has served on various boards, including the Fannie Mae National Advisory Board and the Mortgage Bankers Association Board of Governors. Currently, he serves on the Board of Trustees of the Institute of International Education in New York, the Wharton Graduate Executive Board, the Academy of the University of Pennsylvania, the Inter Faith Youth Core, Chicago, the Philadelphia Anti Defamation League, the Auburn (Presbyterian) Seminary, New York and the Center of Interreligious Understanding.

Mr. Ibrahim holds an MBA in Finance from The Wharton School of The University of Pennsylvania and a BE in Engineering from Osmania University in India.

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Teresa Bryce

Teresa Bryce Bazemore

President
Radian Guaranty Inc.
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Teresa Bryce Bazemore is President of Radian Guaranty Inc., Radian Group Inc.’s principal mortgage insurance subsidiary. As President, Ms. Bazemore is responsible for all domestic and international mortgage insurance business operations.

Prior to her appointment as President, Ms. Bazemore was the Executive Vice President, General Counsel, Chief Risk Officer and Secretary for Radian Group, a global credit risk management company. Prior to that, as Senior Vice President, General Counsel and Corporate Secretary for Nexstar Financial Corporation and Director of Legal and Corporate Affairs for MBNA Home Finance (after the MBNA acquisition of Nexstar), Ms. Bazemore was responsible for legal, compliance, quality assurance, credit policy, insurance and governmental affairs matters in addition to her corporate secretarial duties. Ms. Bazemore also served as General Counsel of Bank of America Mortgage, General Counsel of PNC Mortgage, a subsidiary of PNC Bank and as Associate General Counsel at Prudential Home Mortgage. She began her legal career as an associate at Piper & Marbury (now DLA Piper) after serving as a law clerk to Chief Justice Robert Wilentz of the New Jersey Supreme Court.

Ms. Bazemore is on the board of the US Mortgage Insurers. She serves on the Economic Advisory Council for the Federal Reserve Bank of Philadelphia, on the Mortgage Bankers Residential Board of Governors and as a director of the Home Builders Institute. She previously served terms as a member of the Board of Directors of the Mortgage Bankers Association in 2001-2004, 2005, 2006 and 2009. Ms. Bazemore has also previously served as a member of the Consumer Advisory Council of the Federal Reserve, the Fannie Mae National Advisory Council, the Advisory Committee of the American Association of Residential Mortgage Regulators as well as Board Chair of the Research Institute for Housing America.

In 2013, Mortgage Banking Magazine named Ms. Bazemore one of the Top 20 Leading Industry Women. In 2011, Housing Wire magazine named Ms. Bazemore as one of the Influential Women in the Housing Economy and the Philadelphia Business Journal honored Ms. Bazemore with its 14th Annual Women of Distinction Award. In 2010, Black Enterprise Magazine named Ms. Bazemore one of the 75 Most Powerful Women in Business. She was also a recipient of the 2010 Smart CEO Magazine Brava! Women Business Achievement Award. Ms. Bazemore received the 2005 Mortgage Banker’s Distinguished Service Award and the 2001 Distinguished Service Award from the American Association of Residential Mortgage Regulators, the 2001 Stakeholder Award from The Charting Your Own Course Foundation, the 1999 State and Local MBA Service Award and the 1993 Leadership Lending Award from Prudential Home Mortgage. In 2004, she was chosen as one of the 40 Most Influential Women in St. Louis by the St. Louis Business Journal.

Currently, Ms. Bazemore serves on the Board of Directors of Public Media Company, the Board and Executive Committee of the Philadelphia Chamber of Commerce, the Board of Directors for WHYY, the Board of Directors of the American Red Cross of Southeastern Pennsylvania and the Board of the University of Virginia College Foundation. She is a graduate of the University of Virginia and the Columbia University School of Law.

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Joseph D'Urso

Joseph D'Urso

President
Clayton Holdings LLC
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Mr. D’Urso joined Clayton in November 2013 and is responsible for the overall operating results of the company. He has been in the financial industry for 23 years spending the majority of that time in the mortgage and real estate capital market sectors.

Prior to joining Clayton, Mr. D’Urso was President and CEO of Green River Capital, LLC (GRC) for three years. Before GRC, he directed all the residential loan businesses at Merrill Lynch including the trading desks, sales, banking, servicing, due diligence and origination businesses. Preceding Merrill Lynch, he spent almost 10 years at Goldman Sachs in a variety of leadership roles, including distressed loan trading, asset management and servicer surveillance, global mortgage CFO and mortgage controller.

Mr. D’Urso holds a Bachelor of Accountancy degree from Villanova University.

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J. Franklin Hall

J. Franklin Hall

Executive Vice President and Chief Financial Officer
Radian Group Inc.
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As chief financial officer, Mr. Hall is responsible for all financial functions, including regulatory and management reporting, financial planning and analysis, capital planning, acquisition integration, tax and treasury and facilities at Radian Group Inc. He has more than two decades of leadership and experience in these areas as well as investor relations, corporate development and wealth management. 

Prior to joining Radian, Mr. Hall was executive vice president, chief operating officer and chief financial officer of First Financial Bancorp. He joined First Financial in 1999 and served in a variety of leadership roles. Mr. Hall began his career with Ernst & Young and later joined Firstar Bank (now US Bank) in their credit card division. 

Mr. Hall earned a bachelor’s degree in finance from Miami University and an MBA from Xavier University.

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Derek Brummer

Derek Brummer

Executive Vice President and Chief Risk Officer
Radian Group Inc.
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Derek Brummer is the chief risk officer of Radian Group Inc. In this role, Mr. Brummer is responsible for all aspects of the credit risk management strategy and framework, as well as evaluating credit policy, for Radian and its subsidiaries.

Mr. Brummer joined Radian in 2002 and has served as chief risk officer and general counsel for Radian Asset Assurance Inc., where he managed all risk and legal matters for the financial guaranty company and its insured portfolio. Mr. Brummer led all risk management strategy, overseeing portfolio surveillance, reserving, quantitative analytics and modeling, and directing restructurings and workouts. He also played a key role in developing and structuring new product lines and overseeing various underwriting committees. Prior to joining Radian, Mr. Brummer was a corporate associate at Allen & Overy; and Cravath, Swaine & Moore, both in New York.

Mr. Brummer holds a bachelor’s degree from the University of Nebraska at Lincoln and a J.D. from New York University School of Law.

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Ted Hoffman

Edward J. Hoffman

General Counsel and Corporate Secretary
Radian Group Inc.
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As general counsel and corporate secretary, Ted Hoffman is responsible for legal and regulatory compliance.

Since joining Radian in 2005, Mr. Hoffman has managed SEC, NYSE and Sarbanes-Oxley compliance, corporate governance and other corporate related matters. Mr. Hoffman was promoted to senior vice president, Assistant General Counsel in February 2008. Prior to joining Radian, Mr. Hoffman was a senior associate in the Corporate and Securities Group of Drinker Biddle & Reath LLP in Philadelphia.

Mr. Hoffman holds a BA from Colgate University and a JD from Villanova University School of Law. He is a member of the Pennsylvania Bar.

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Cathy Jackson

Catherine M. Jackson

Senior Vice President and Corporate Controller
Radian Group Inc.
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As corporate controller, Cathy Jackson is responsible for all financial reporting and accounting operations, including SEC reporting, accounting policy, financial guaranty and mortgage insurance accounting operations.

Ms. Jackson has more than 20 years of experience in the financial services industry. She joined Radian after serving eight years with Capmark Financial Group Inc. in various positions. Most recently, Ms. Jackson served as chief accounting officer, where she had oversight of all internal and external financial reporting, accounting operations, pricing analytics and accounting policy. Prior to that, she served eight years with Salomon Smith Barney as manager of accounting policy. She started her career in the audit practice at KPMG in Philadelphia.

Ms. Jackson earned a bachelor's degree in accounting from St. Joseph's University.

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Rick Altman

Richard I. Altman

Executive Vice President and Chief Operating Officer
Radian Guaranty Inc.
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As Chief Operating Officer, Rick Altman is responsible for overseeing key operational areas including loss management, mortgage insurance operations, and continuous improvement. He also has executive oversight on security issues related to the company’s information processes and data exchange, including records management, business continuity, business compliance, the information security council, and data governance.

Mr. Altman previously held the positions of chief risk officer and chief administrative officer, as well as several other strategic planning and operationally oriented positions.

Before joining Radian in 2003, Mr. Altman held several executive strategic planning and operational positions at Citibank, American Express and Pearson. Prior to that, he served as a change management consultant with Accenture.

Mr. Altman received a BA in International Political Economics from the University of California at Berkeley and an MBA from New York University's Stern School of Business. He currently serves as the Chairman of the Economy League of Greater Philadelphia.

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