AREAA Partners with Radian to Enhance Lending Options for Asian American Consumers

Asian Real Estate Association of America (AREAA), has entered into a two-year exclusive partnership with Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc. Through this partnership, Radian and AREAA will focus on creating broader lending options for Asian American consumers, including the association's 14,000 members. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150929005973/en/ "Access to innovative financing solutions is critical in today's mortgage environment," said Carmen Chong, 2015 Chairman of AREAA. "In order to better serve the Asian American community more effectively, we need to educate real estate professionals about various mortgage options as well as continue to develop relevant mortgage products. AREAA is proud to partner with Radian to make this important effort possible." Under the agreement, Radian is working with AREAA and its local leaders to educate AREAA members on the benefits of mortgage insurance and to create tools to help Asian American consumers make the best mortgage decisions. "Radian and AREAA share the desire to create lending options for Asian American housing consumers that meet their unique needs," said Brien McMahon, Radian's Chief Franchise Officer. "The Asian American community has been a large user of conventional conforming mortgage product for some time now. Through our partnership, we are looking at ways to provide information to Asian homebuyers about taking advantage of the full range of mortgage options and not delaying homeownership in today's strong housing market." Since 2000, Asian Americans have been the fastest growing group in the United States with the highest household income in the country. Nearly two thirds of the Asian American population are foreign born and the demand for culturally relevant products is strong. Within the next two years, Asian American purchasing power will top $1 trillion. Radian is the only private mortgage insurance partner for the Association through 2016. This will give the Philadelphia-based private mortgage insurer prominent visibility at the Association's annual convention, its policy meetings and chapter events across the country.