PHILADELPHIA–(BUSINESS WIRE)–Radian Group Inc. (NYSE: RDN) today announced that board member Brian D.
Montgomery has been honored as the official nominee to serve as
Commissioner of the Federal Housing Administration (FHA). Notably, a
veteran senior public servant, Montgomery served the nation as
Commissioner of the FHA from 2005 to 2009. He joined Radian Board of
Directors in 2012, and has notified the company that he intends to
officially resign his board duties upon U.S. Senate ratification and
confirmation of his appointment.
We congradulate Brian on the news of his nomination to serve as FHA
Commissioner, which provides recognition from the very highest levels of
his career commitment to the U.S. housing industry, said Radian Chief
Executive Officer Rick Thornberry. Brian nomination is welcome
acknowledgment of the strength of expertise and depth of experience
represented by Radian Board of Directors.
Thornberry added, On behalf of the entire company, I wish Brian success
in his Senate confirmation process and, in the event he is confirmed and
assumes the role, all the best as he retakes the mantle of Commissioner
of the FHA.
In addition to his previous service as FHA Commissioner, Montgomery also
served on the Federal Housing Finance Board from 2005 to 2008 as well as
the Board of NeighborWorks America from 2005 to 2009. NeighborWorks
America is a federally chartered non-profit agency that provides grants
and technical assistance to local housing agencies.
I am deeply honored to be nominated to serve as the Commissioner of the
Federal Housing Administration, said Montgomery. As I seek to be
confirmed to this important role, I remain incredibly grateful to be
part of the Radian family, and wish continued success to its leadership
and to my fellow board members.
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides
private mortgage insurance, risk management products and real estate
services to financial institutions. 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
- 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.
Additional information may be found at www.radian.biz.
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