Radian Adds Mortgage Industry Veteran to Serve as Chief Policy Officer, Government and Industry Relations
March 18 2013 - 9:01AM
Business Wire
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.
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