Radian Announces Approval of RMAI Subsidiary from Freddie Mac
Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., (NYSE: RDN) today announced that on December 20, 2012, Freddie Mac agreed to extend its approval of Radian Mortgage Assurance Inc. (RMAI), a wholly owned subsidiary of Radian Guaranty, as a limited eligible mortgage insurer for an additional one-year period that will expire on December 31, 2013. As previously disclosed, RMAI maintains a similar approval for the same time period from Fannie Mae.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.