PHILADELPHIA--(BUSINESS WIRE)--Rick Thornberry, chief executive officer of Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, has joined the Mortgage Bankers Association’s Board of Directors. Thornberry will serve a two-year term, with an option for an additional two years.
“I am honored to join the MBA Board,” said Thornberry. “Radian shares the MBA’s mission to promote fair, sustainable and responsible homeownership and I’m looking forward to working with the Board to uphold those values.”
The MBA is a national association in Washington, D.C., and represents more than 2,300 member companies. The association’s membership base includes all sectors of the real estate finance industry including originators, servicers, underwriters, compliance personnel and information technology professionals representing mortgage companies in the residential, commercial and multi-family arenas.
In addition to joining the MBA Board, Thornberry this month became an Executive Council member of the Housing Policy Council (HPC). The HPC of the Financial Services Roundtable is a trade association representing more than 30 of the leading national companies in mortgage finance; including lenders, servicers, mortgage insurance companies, title companies and industry data providers.
HPC advocates for policies that support sustainable mortgage credit for American consumers and that enable companies to effectively serve their customers. The members of the HPC Executive Council set the overall policy priorities and guidance for HPC's advocacy. Members are chosen from the senior executive staff of the organization’s member companies.
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 helps protect 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.
ABOUT FINANCIAL SERVICES ROUNDTABLE
The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.
ABOUT MORTGAGE BANKERS ASSOCIATION
The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,300 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, REITs, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site: www.mba.org