New York, December 23, 2014 -- Moody's Investors Service, ("Moody's") has placed on review for upgrade the Ba2 Insurance Financial Strength (IFS) ratings of Radian Guaranty Inc. (Radian Guaranty) and Radian Mortgage Assurance Inc. (RMA) as well as the Ba1 IFS rating of Radian Asset Assurance Inc. (Radian Asset). In the same rating action, Moody's also placed on review for upgrade the B3 senior unsecured debt ratings of Radian Group Inc. The rating action also has implications for the various transactions wrapped by Radian Asset as discussed later in this press release.

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