2008-07-23 03:58:07 -

- Radian Guaranty Rick Gillespie, 215-231-1061 rick.gillespie@radian.biz or Buchanan Public Relations Shane M. Swisher, 610-649-9292 shane@buchananpr.com Radian Guaranty, the primary mortgage insurance subsidiary of Radian Group Inc. (NYSE:RDN), announced today that it has become a member of the Hope Now Alliance.

Hope Now is a national alliance of key members of the mortgage industry dedicated

to helping at-risk homeowners facing foreclosure or higher payments due to adjustable-rate mortgage resets. Formed in October 2007, members seek to voluntarily address this national challenge without taxpayer subsidies or government mandates.

"Hope Now represents a proactive effort across the mortgage industry to work together to help keep families in their homes," said Cam Melchiorre, Senior Vice President, Loss Management for Radian, who serves as co-chair of the Hope Now Alliance technology committee. "There is an obvious sense of urgency to help homeowners today. Our participation represents both an opportunity to partner with other servicers, and to help ensure constant and consistent communications with homeowners facing a difficult financial situation."

The Alliance's goal has been to create a unified, coordinated plan to reach and help as many homeowners as possible. Recent developments include a timetable for working with distressed homeowners, and a common set of principles on foreclosure prevention alternatives. During the first quarter of 2008, more than 500,000 at-risk homeowners were able to stay in their homes as a result of various Alliance programs.

For more information, visit www.hopenow.com/index.html.

About Radian

Radian Group Inc. is a global credit risk management company headquartered in Philadelphia with significant operations in New York and London. Radian develops innovative financial solutions by applying its core mortgage credit risk expertise and structured finance capabilities to the credit enhancement needs of the capital markets worldwide, primarily through credit insurance products. The company also provides credit enhancement for public finance and other corporate and consumer assets on both a direct and reinsurance basis and holds strategic interests in credit-based consumer asset businesses. Additional information may be found at www.radian.biz.

Another Step in the Company's Efforts to Help Distressed
Homeowners and Reduce Foreclosures