PHILADELPHIA--After introducing in April its innovative MortgageAssure solution, an automatic, complimentary add-on to Radian-insured loans with a loan-to-value of 95.01% and 97%-- Radian said it will now provide MortgageAssure to all Radian-insured loans at any LTV from CU partners effective Oct. 1, 2015.
“Designed to increase interest in high LTV conventional financing, while offering a level of default protection that benefits the member, lender, and Radian Guaranty, MortgageAssure has been well received throughout the home-buying community,” the credit union said. “With the overwhelmingly enthusiastic feedback MortgageAssure has generated, Radian recognized its responsibility to increase the product’s availability, particularly at a local level where it can make the greatest impact and is pleased to offer MortgageAssure at any LTV to its community-focused Credit Union partners to help them provide greater value in their surrounding communities.”