Radian Appoints Mark Casale Senior Vice President, Capital

Press Release:

Radian Appoints Mark Casale Senior Vice President, Capital Markets

Press Release
News Article February 2005

PHILADELPHIA, Feb. 14 /PRNewswire-FirstCall/ -- Radian Guaranty Inc., a leading provider of mortgage insurance and subsidiary of Radian Group Inc. (NYSE:RDN) today named Mark A. Casale to senior vice president, capital markets. In this role, Mr. Casale will be responsible for the continued growth of Radian's customized credit enhancement products and services in the profitable non-prime mortgage markets.

Mr. Casale previously had been Radian's senior vice president, strategic investments. Prior to joining Radian in 2001, Mr. Casale was with Advanta Corporation, where he held several executive positions in the company's Mortgage group, focusing on the company's growth in non-prime mortgage and capital markets. As senior vice president, corporate finance service, Mr. Casale formed a division that offered business-to-business capital market services including securitization access and financing to midsize mortgage bankers.

"Over the last several years, Radian has built a strong foundation of success in the global mortgage marketplace," said Roy J. Kasmar, president and COO of Radian. "Mark has a deep knowledge of Radian's core strengths and proven expertise in the capital markets. In this position, he can apply our sound risk management strategies toward the development of new, profitable credit enhancement solutions that will benefit our customers, partners and investors."

Mr. Casale will lead Radian's Capital Markets channel, which focuses on providing prudent, sustainable credit enhancement services to the non-prime mortgage market. Through the Capital Markets channel, Mr. Casale will help Radian identify and pursue profitable transactions that will originate, structure and close investment and non-investment grade credit business, including traditional bulk MI and other structured credit mortgage business.

Radian recently announced a structured finance transaction to help the company manage its non-prime mortgage risk. The solution involved a transaction with Smart Home Reinsurance 2005-1 Limited, a company which was created and funded through the sale of $98.5 million of credit-linked notes backed by a $1.68-billion pool of Radian-insured Alt-A mortgage loans.

As senior vice president, capital markets, Mr. Casale will replace Trez Moore, who is leaving Radian. Mr. Casale will remain actively involved in C- BASS and Sherman, leading financial services companies in which Radian has strategic investments.

"With international growth and innovative solutions such as Smart Home, Radian is well positioned for continued success in the credit enhancement market," said Mr. Casale. "I'm looking forward to working with our customers and partners to build on that momentum."

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