Radian’s Patrick Harrigan Receives Schumacher-Bolduc Award from Mortgage Bankers Association

Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE: RDN), announced today that Divisional Vice President Patrick (P.J.) Harrigan, CMB, has received the Schumacher-Bolduc Award from the Mortgage Bankers Association (MBA).

Given annually to a mortgage industry professional who demonstrates an exceptional commitment to MORPAC – the MBA’s voluntary, non-partisan Political Action Committee (PAC) – the Schumacher-Bolduc Award was named in honor of Ernest P. Schumacher, founder and first chairman of MORPAC, and Mark P. Bolduc, for his exemplary service as MORPAC director. MORPAC is the only PAC that directly represents the interests of the real estate finance industry in our nation’s political system.

"While serving on the MORPAC Steering Committee over the past few years, P.J. has worked diligently to create a half dozen company campaigns among his industry contacts who are MBA members,” said MORPAC Chairman G. Todd White, CMB, Senior Vice President and Loan Production Manager at Arvest Mortgage Company. "Due to his exceptional leadership, the Phoenix-Scottsdale-Mesa area has become a fundraising center for MORPAC – one that will continue to grow under his tireless advocacy.”

Since joining Radian in August of 2011, Mr. Harrigan has been responsible for leading the company’s field sales account managers in Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming. In addition to his involvement with MORPAC, Mr. Harrigan also serves as chair of the Mortgage Action Alliance, a grassroots lobbying network of real estate industry finance professionals affiliated with the MBA.

"I am honored to be the recipient of this year’s Schumacher-Bolduc Award,” said Mr. Harrigan. "My involvement in the MBA and work with MORPAC is rewarding in so many ways, especially in helping me stay connected to the industry, while ensuring the issues important to the mortgage industry are given a voice in the political arena.”

Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance and related risk management products and services to mortgage lenders nationwide through its principal operating subsidiary, Radian Guaranty Inc. These services help promote and preserve homeownership opportunities for homebuyers, while protecting lenders from default-related losses on residential first mortgages and facilitating the sale of low-downpayment mortgages in the secondary market. Additional information may be found at www.radian.biz.