Radian Board Member Brian Montgomery Nominated to Lead FHA
September 18 2017 - 6:30AM
Business Wire
-- Montgomery intends to step down from board
upon U.S. Senate confirmation --
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’s 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 congratulate 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’s nomination
is welcome acknowledgment of the strength of expertise and depth of
experience represented by Radian’s 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.”
ABOUT RADIAN
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 20%.
- 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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Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
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