Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE: RDN), today announced the addition of 30-year mortgage industry veteran, Phillip Bracken, to the team. In the newly created role of Chief Policy Officer – Government and Industry Relations, Bracken will represent Radian on Capitol Hill, by promoting a more traditional balance between private and public capital in the mortgage finance market. Bracken brings more than 30 years of mortgage industry experience to Radian, most recently serving as an executive consultant for private enterprise clients in the housing, financial services and consumer sectors. Prior to that, Bracken spent 15 years as an executive at Wells Fargo, where he managed government and industry relations, and policy development, for the Home Mortgage and Consumer Finance Group. Earlier in his career, Bracken also held senior leadership roles at Prudential Home Mortgage in St. Louis, Missouri, and America’s Mortgage Company in Springfield, Illinois. Bracken is well recognized, having won a variety of national awards for leadership and achievement within the mortgage industry, including a lifetime achievement award from the National Association of Real Estate Brokers and the Mortgage Bankers Association of America. “As the housing market gains momentum, we need a strong, dedicated voice on Capitol Hill who will advocate for Radian and for balance within the mortgage industry, which is why we created this important role,” said Teresa Bryce Bazemore, president of Radian Guaranty. “Phil brings a wealth of industry experience and an impressive leadership background that make him a credible spokesperson for positive change in our industry.” Bracken stated, “I have dedicated much of my career to protecting and promoting sustainable homeownership through my work in government and industry relations. I’m pleased to join the Radian team, and look forward to working closely with Teresa and the leadership team as they have already made tremendous progress in Washington, DC, on behalf of the private MI industry.”
Bracken is the co-chairman of the Consumer/Lender Roundtable in Washington, DC; and president of the Housing Renaissance, a group that comprises the top housing industry leaders in the country.Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private mortgage insurance and related risk mitigation 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.