Our History

Radian began securing the foundation of American homeownership more than 30 years ago.

The Radian group of companies are separately capitalized but share a unified strategic focus. Our roots formed in 1977 with the founding of our predecessor company, CMAC. In 1992, CMAC went public, then merged with Amerin in 1999 to form Radian. Today, Radian provides private mortgage insurance and related risk management products and services to mortgage lenders nationwide, and employs nearly 1,800 associates. Radian offers products and services through two business segments:

  • Mortgage Insurance, through its principal mortgage insurance subsidiary Radian Guaranty Inc. This private mortgage insurance protects lenders from default-related losses, facilitates the sale of low-downpayment mortgages in the secondary market and enables homebuyers to purchase homes more quickly with downpayments less than 20%.
  • Mortgage and Real Estate Services, through its principal services subsidiary Clayton, as well as Green River Capital, Red Bell Real Estate and ValuAmerica. These solutions include information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service and monitor loans and asset-backed securities.

 

A Strong Foundation for Growth

Here is a timeline of events in Radian's history.

Date Description

2015 

Radian announces PMIERs Compliance.

2015 

Radian and AREAA form exclusive partnership to help lenders better serve Asian American homebuyers.

2015 

Radian launches MortgageAssure - a unique program to boost secure homeownership with job loss protection nsurance.

2015 

Radian sells its financial guaranty insurance subsidiary, Radian Asset Assurance Inc., to Assured Guaranty Corp., a subsidiary of Assured Guaranty Ltd.

2014 

Radian introduces enhanced master policy to offer 12-month rescission relief to lending partners.

2014 

Radian acquires Clayton Holdings LLC, including ownership interests in Green River Capital LLC and EuroRisk.

2014 

Radian and NAREB form exclusive partnership to help lenders better serve African American homebuyers.

2013 

Radian earns position as largest MI company and achieves net operating profitability.

2013 

Radian and NAHREP form exclusive partnership to help lenders in the growing Hispanic market.

2012 

Radian introduces first-ever MI rate quote App, Radian Rates, to make doing business on-the-go quick and convenient.

2012 

Radian's first Customer Advisory Panel is formed to gather insight.

2011 

Radian continues to expand sales team to serve growing customer base.

2009 

Radian increases focus and resources on its core mortgage insurance business.

2008 

Radian discontinues writing new financial guaranty business.

2008 

Teresa Bryce Bazemore appointed President of Radian Guaranty.

2007 

Radian and MGIC announce and ultimately terminate plans to merge and form MGIC Radian Financial Group. 

2006 

Radian establishes presence in Australia.

2005 

Radian forms relationship with Standard Chartered Bank (Hong Kong) Limited.

2005 

Mortgage industry veteran S.A. Ibrahim joins Radian as Chief Executive Officer.

2004 

Radian receives authorization by the U.K.'s Financial Services Authority to create subsidiary, Radian Financial Products Limited.

2002 

Principal operating entities unite under the Radian brand. 

2001 

Radian acquires Enhance Financial Services Group, including ownership interests in C-BASS and Sherman Financial. 

1999 

CMAC and Amerin merge, forming Radian and its MI subsidiary.

1992 

CMAC goes public.

1977 

Commonwealth Mortgage Assurance Company (CMAC), Radian's predecessor company, is founded.