Radian Guaranty to Offer Insurance on Loans Within HarmonyLoan Platform

""Radian Guaranty Inc."":http://www.radian.biz/page?name=HomePage, the mortgage insurance (MI) subsidiary of the Philadelphia-based Radian Group Inc., announced that it will now provide MI on loans within the HarmonyLoan platform.

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HarmonyLoan, a mortgage feature designed by financial services tech company ""Mortgage Harmony Corp."":http://mortgageharmony.com/, can be applied to fixed- or adjustable-rate mortgages, conventional or jumbo loans, and on new and existing mortgages. The platform allows homebuyers to adjust [COLUMN_BREAK]

the rate on their loans with just one click on a personalized, secure, web-based site without the need for a traditional refinance.

""Over the last several years, the mortgage industry has been struggling to cure many of the problems affecting homebuyers unable to take advantage of lower interest rates and at the same time, reclaim the homebuyers' confidence,"" said Keith Kelly, CEO of Mortgage Harmony. ""Mortgage Harmony is pleased to have a highly regarded mortgage insurer like Radian working with us to move this innovative feature into the mortgage market. It is a simple, easy and cost effective way for lenders to help homebuyers, while helping themselves.""

""We are pleased to offer prospective homebuyers the opportunity to purchase their home with a mortgage feature that gives them greater flexibility,"" said Brien McMahon, Radian's chief franchise officer. ""HarmonyLoan allows a homeowner to lower their interest rate and monthly mortgage payment without the closing costs and administrative burden of a traditional refinance. It ultimately improves their financial position, which is a win-win for everyone.""