<SEC-DOCUMENT>0001157523-16-007471.txt : 20161128
<SEC-HEADER>0001157523-16-007471.hdr.sgml : 20161128
<ACCEPTANCE-DATETIME>20161128163117
ACCESSION NUMBER:		0001157523-16-007471
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20161128
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20161128
DATE AS OF CHANGE:		20161128

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RADIAN GROUP INC
		CENTRAL INDEX KEY:			0000890926
		STANDARD INDUSTRIAL CLASSIFICATION:	SURETY INSURANCE [6351]
		IRS NUMBER:				232691170
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11356
		FILM NUMBER:		162020284

	BUSINESS ADDRESS:	
		STREET 1:		1601 MARKET STREET
		STREET 2:		12TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103
		BUSINESS PHONE:		2155646600

	MAIL ADDRESS:	
		STREET 1:		1601 MARKET ST
		STREET 2:		12TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CMAC INVESTMENT CORP
		DATE OF NAME CHANGE:	19960126
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51466580.htm
<DESCRIPTION>RADIAN GROUP INC. 8-K
<TEXT>
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      <font style="font-family: Times New Roman; font-size: 18pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 18pt"><br style="font-size: 18pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 18pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 12pt"><b>WASHINGTON,
      DC 20549</b></font><br>
    </p>
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    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 18pt"><b>FORM 8-K</b></font>
    </p>
    <hr style="color: #000000; text-align: center; height: 1.0 pt; width: 100%">


    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 or 15(d) of</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>The
      Securities Exchange Act of 1934</b></font><br><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Date
      of report (Date of earliest event reported):&#160; </b></font><b><u><font style="font-family: Times New Roman; font-size: 10pt">November
      28, 2016</font></u></b><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font>
    </p>
    <hr style="color: #000000; text-align: center; height: 1.0 pt; width: 100%">


    <p style="text-align: center">
      <font style="font-size: 17pt"><b>Radian Group Inc.</b></font><br><font style="font-family: Times New Roman; font-size: 10pt"><b>(Exact
      Name of Registrant as Specified in Its Charter)</b></font><br>
    </p>
    <hr style="color: #000000; text-align: center; height: 1.0 pt; width: 100%">


    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b>Delaware</b><br><b>(State or Other Jurisdiction of Incorporation)</b>
    </p>
    <p style="text-align: center">

    </p>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>1-11356</b></font>
          </p>
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 50%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>23-2691170</b></font>
          </p>
        </td>
      </tr>
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        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(Commission</b><br><b>File Number)</b>
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(IRS Employer</b><br><b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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    <table style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>1601
            Market Street, Philadelphia, Pennsylvania</b></font>
          </p>
        </td>
        <td style="text-align: center; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 50%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>19103</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Address
            of Principal Executive Offices)</b></font>
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>(Zip
            Code)</b></font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b>(215) 231-1000</b><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-size: 10pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 10pt"><b>(Registrant&#8217;s
      Telephone Number, Including Area Code)</b></font><br><br><br><font style="font-family: Times New Roman; font-size: 10pt"><b>(Former
      Name or Former Address, if Changed Since Last Report)</b></font><br><br>
    </p>
    <hr style="text-align: center; height: 1.0 pt; color: #000000; width: 100%">


    <p>

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>(<i>see </i>General Instruction A.2.
      below)<font style="font-family: Times New Roman; font-size: 10pt">:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      &#160;&#160;&#160;&#160;&#160;<font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      &#160;&#160;&#160;&#160;&#160;<font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      &#160;&#160;&#160;&#160;&#160;<font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      &#160;&#160;&#160;&#160;&#160;<font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>

    </p>
    <hr style="text-align: center; height: 2.0 pt; color: #000000; width: 100%">
    <hr style="text-align: center; height: 1.0 pt; color: #000000; width: 100%">


    <p>

    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
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        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
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    <table style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 13%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Item 8.01.</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 87%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Other Events.</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="font-size: 10pt; text-indent: 30.0px">
      On November 28, 2016, Radian Group Inc. (the &#8220;Company&#8221;) announced that
      it is exercising its option to redeem its 2.25% Convertible Senior Notes
      due 2019 (the &#8220;Notes&#8221;). Pursuant to Section 10.03 of the First
      Supplemental Indenture, dated as of March 4, 2013, which supplements the
      Senior Indenture, dated as of March 4, 2013 (together, the &#8220;Indenture&#8221;),
      between the Company and U.S. Bank National Association, as Trustee, the
      Company issued a redemption notice announcing the redemption of all
      outstanding Notes (the &#8220;Redemption Notice&#8221;), of which an aggregate
      principal amount of approximately $68.0 million is outstanding. The
      redemption price is equal to $1,000 per $1,000 principal amount of the
      Notes, plus accrued and unpaid interest from the last interest payment
      date on September 1, 2016 up to, but excluding, January 27, 2017 (the
      &#8220;Redemption Date&#8221;). In lieu of receiving the redemption price, holders
      of the Notes may surrender their Notes for conversion at any time before
      5:00 p.m., New York City time, on January 26, 2017.&#160;&#160;The conversion rate
      of the Notes is 94.3396 shares of the Company&#8217;s common stock per $1,000
      principal amount of Notes. The Company has elected to settle all Notes
      surrendered for conversion after the issuance of the Redemption Notice
      but prior to the redemption with cash. A copy of the Redemption Notice
      specifying the terms, conditions and procedures for redemption is
      furnished as Exhibit 99.1 to this report.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      To collect the redemption price, the Notes must be surrendered for
      redemption at the office of the paying agent shown below at any time on
      or after the Redemption Date, and interest on the Notes will cease to
      accrue on and after the Redemption Date, whether or not such Notes are
      presented for payment:
    </p>
    <p>

    </p>
    <p style="text-align: center">
      By First-Class Mail<br>U.S. Bank<br>Global Corporate Trust Services<br>111
      Fillmore Ave E<br>St. Paul, MN 55107
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      By Certified or Registered Mail or Courier<br>U.S. Bank<br>Global
      Corporate Trust Services<br>111 Fillmore Ave E<br>St. Paul, MN 55107
    </p>
    <p style="text-align: center">

    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      The foregoing description of the Indenture is qualified in its entirety
      by reference to the Indenture as previously filed with the Securities
      and Exchange Commission on March 4, 2013.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      On November 28, 2016, the Company issued a news release announcing that
      it will redeem all outstanding Notes on January 27, 2017. The news
      release is furnished as Exhibit 99.2 to this report.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">

    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 10pt; text-align: center; font-family: Times New Roman">
          2
        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 13%" valign="top">
          <b>Item 9.01.</b>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 87%" valign="top">
          <b>Financial Statements and Exhibits.</b>
        </td>
      </tr>
    </table>
    </div>
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    <table style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 5%" valign="top">
          (d)
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 95%" valign="top">
          Exhibits
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 10%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit</b><br><b>No.</b>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px; width: 3%" valign="bottom">
          &#160;
        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 87%" valign="bottom">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 10%" valign="top">
          4.1
        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 87%" valign="top">
          Senior Indenture dated as of March 4, 2013 between the Registrant
          and U.S. Bank National Association, as Trustee (incorporated by
          reference to Exhibit 4.1 to the Registrant&#8217;s Current Report on Form
          8-K (file no. 1-11356) dated February 27, 2013 and filed on March 4,
          2013)
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 87%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 10%" valign="top">
          4.2
        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 87%" valign="top">
          First Supplemental Indenture dated as of March 4, 2013 between the
          Registrant and U.S. Bank National Association, as Trustee
          (incorporated by reference to Exhibit 4.2 to the Registrant&#8217;s
          Current Report on Form 8-K (file no. 1-11356) dated February 27,
          2013 and filed on March 4, 2013)
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          99.1*
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 3%" valign="bottom">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 87%" valign="top">
          Redemption Notice dated November 28, 2016
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          99.2*
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 3%" valign="bottom">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 87%" valign="top">
          Radian Group Inc. News Release dated November 28, 2016
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      * Furnished herewith
    </p>
    <p>

    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="font-size: 10pt; text-align: center; font-family: Times New Roman">
          3
        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <br>

    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>RADIAN GROUP INC.</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          (Registrant)
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="text-align: left; padding-left: 0.0px" colspan="2" valign="top">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px; width: 6%" valign="top">
          Date:
        </td>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px; width: 44%" valign="top">
          November 28, 2016
        </td>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px; width: 4%" valign="top">
          By:
        </td>
        <td style="text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 46%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ J. Franklin Hall
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 46%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            J. Franklin Hall
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 46%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT&#160;INDEX</b><br><br>
    </p>
    <p>

    </p>
<div style="text-align:left">
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Exhibit</b><br><b>No.</b>
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; padding-bottom: 2.0px; width: 3%" valign="bottom">
          &#160;
        </td>
        <td style="text-align: center; padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt; width: 87%" valign="bottom">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 10%" valign="top">
          4.1
        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 87%" valign="top">
          Senior Indenture dated as of March 4, 2013 between the Registrant
          and U.S. Bank National Association, as Trustee (incorporated by
          reference to Exhibit 4.1 to the Registrant&#8217;s Current Report on Form
          8-K (file no. 1-11356) dated February 27, 2013 and filed on March 4,
          2013)
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 87%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; white-space: nowrap; padding-left: 0.0px; padding-right: 0.0px; width: 10%" valign="top">
          4.2
        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 87%" valign="top">
          First Supplemental Indenture dated as of March 4, 2013 between the
          Registrant and U.S. Bank National Association, as Trustee
          (incorporated by reference to Exhibit 4.2 to the Registrant&#8217;s
          Current Report on Form 8-K (file no. 1-11356) dated February 27,
          2013 and filed on March 4, 2013)
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          99.1*
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 3%" valign="bottom">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 87%" valign="top">
          Redemption Notice dated November 28, 2016
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 10%" valign="top">
          99.2*
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 3%" valign="bottom">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 87%" valign="top">
          Radian Group Inc. News Release dated November 28, 2016
        </td>
      </tr>
      <tr>
        <td style="width: 10%">

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" colspan="3" valign="middle">
          * Furnished herewith
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>

    </p>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51466580_ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: right">
      <br>

    </p>
    <p style="text-align: center">
      <b>November 28, 2016</b>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b>RADIAN GROUP INC.</b><br><b>NOTICE OF REDEMPTION OF</b><br><b>2.25%
      CONVERTIBLE SENIOR NOTES DUE 2019</b><br><b>(CUSIP No. 750236AN1)</b><br><b>(ISIN
      No. US750236A17)</b>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-indent: 60.0px">
      Pursuant to Section 10.03 of the First Supplemental Indenture, dated as
      of March 4, 2013 (the &#8220;<b>First Supplemental Indenture</b>&#8221;),
      which supplements the Senior Indenture, dated as of March 4, 2013 (the &#8220;<b>Base
      Indenture</b>&#8221; and, together with the First Supplemental Indenture, the &#8220;<b>Indenture</b>&#8221;),
      by and between Radian Group Inc. (the &#8220;<b>Issuer</b>&#8221;), and U.S.
      Bank National Association, as Trustee (the &#8220;<b>Trustee</b>&#8221;),
      pursuant to which the Issuer&#8217;s 2.25% Convertible Senior Notes due 2019
      (the &#8220;<b>Notes</b>&#8221;) have been issued, notice is hereby given that
      the Issuer has elected to, and will, redeem all of the outstanding Notes
      on January 27, 2017 (the &#8220;<b>Redemption Date</b>&#8221;) pursuant to
      Article X of the First Supplemental Indenture. Capitalized terms used
      but not defined herein have the meanings assigned to them in the
      Indenture.
    </p>
    <p style="text-indent: 60.0px">
      All of the remaining outstanding Notes will be redeemed. The Notes will
      be redeemed at a redemption price (the &#8220;<b>Redemption Price</b>&#8221;)
      of 100% of the principal amount of such Notes, plus accrued and unpaid
      interest, if any, to, but excluding, the Redemption Date.&#160;&#160;It is
      expected that interest will accrue from the most recent Interest Payment
      Date of September 1, 2016, up to, but excluding January 27, 2017.
    </p>
    <p style="text-indent: 60.0px">
      On the Redemption Date, the Redemption Price will become due and payable
      upon the Notes.&#160;&#160;The Redemption Price will be paid to Holders on or
      after the Redemption Date, upon surrender to U.S. Bank National
      Association, as paying agent (the &#8220;<b>Paying Agent</b>&#8221;), of the
      Notes redeemed. Unless the Issuer defaults in paying the Redemption
      Price, interest on the Notes, if any, will cease to accrue on and after
      the Redemption Date, whether or not such Notes are presented for payment.
    </p>
    <p style="text-indent: 60.0px">
      Holders may surrender their Notes for conversion at any time prior to
      5:00 p.m., New York City time, on the Scheduled Trading Day immediately
      preceding the Redemption Date (January 26, 2017), unless the Issuer
      defaults in the payment of the Redemption Price, in which case a Holder
      of the Notes may convert its Notes until the Redemption Price has been
      paid or duly provided for. The current Conversion Rate of the Notes is
      94.3396 shares of Common Stock per $1,000 principal amount of Notes.
    </p>
    <p style="text-indent: 60.0px">
      To receive the Redemption Price, the Notes must be surrendered for
      redemption, at the office of the Paying Agent shown below, at any time
      on or after the Redemption Date:
    </p>
    <p style="text-indent: 60.0px">

    </p>
    <p>
      if by first-class mail:
    </p>
    <p>

    </p>
    <p style="text-align: center">
      U.S. Bank<br>Global Corporate Trust Services<br>111 Fillmore Ave E<br>St.
      Paul, MN 55107
    </p>
    <p style="text-align: center">

    </p>
    <p>
      if by certified or registered mail or courier:
    </p>
    <p>

    </p>
    <p style="text-align: center">
      U.S. Bank<br>Global Corporate Trust Services<br>111 Fillmore Ave E<br>St.
      Paul, MN 55107
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-indent: 60.0px">
      The CUSIP number indicated above is included solely for the convenience
      of the Holders of the Notes. The Issuer is not responsible for the use
      or selection of this number, nor is any representation made as to the
      correctness or accuracy of the CUSIP number printed on the Notes or as
      listed in this Notice of Redemption.
    </p>
    <p>

    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-indent: 60.0px">
      Holders who want to convert Notes must satisfy the requirements of
      Article VIII of the First Supplemental Indenture.&#160;&#160;The Issuer elects a
      Cash Settlement as its Settlement Method in respect of any Notes
      surrendered for conversion after the issuance of this Redemption Notice
      but prior to redemption. U.S. Bank National Association will act as the
      conversion agent (the &#8220;<b>Conversion Agent</b>&#8221;). Notes must be
      surrendered for conversion in accordance with the provisions of Section
      8.02(b) of the First Supplemental Indenture.
    </p>
    <p style="text-indent: 60.0px">
      A Holder may convert a portion of the principal amount of a Note if the
      portion is $1,000 or an integral multiple of $1,000.
    </p>
    <p style="text-indent: 60.0px">
      On the third Business Day immediately following the Last Trading Day of
      the relevant Observation Period, the Issuer will deliver to a converting
      Holder of Notes, through the Conversion Agent, the Settlement Amount
      required to be delivered upon conversion of such Notes.&#160;&#160;
    </p>
    <p style="text-indent: 60.0px">
      To convert a Note, the Holder must comply with the procedures of the
      Depositary and, if required, pay funds equal to interest payable on the
      next Interest Payment Date to which such Holder is not entitled as set
      forth in Section 8.02(g) of the Indenture.&#160;&#160;Upon conversion of a Note, a
      Holder of a Note will not receive any separate cash payment for accrued
      and unpaid interest, if any.&#160;&#160;Instead, the Issuer&#8217;s payment and delivery
      of the Settlement Amount upon conversion of any Note will be deemed to
      satisfy in full its obligation to pay the principal amount of the Note
      and accrued and unpaid interest, if any, to, but not including, the
      Conversion Date.&#160;&#160;As a result, upon conversion of a Note, accrued and
      unpaid interest on such Note is deemed paid in full rather than
      canceled, extinguished or forfeited.
    </p>
    <p>
      <br>
      <br>

    </p>
<div style="text-align:left">
    <table style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%" cellspacing="0">
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          &#160;
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>RADIAN GROUP INC.</i>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 50%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>By: U.S. Bank National Association,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 50%" valign="top">

        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 50%" valign="top">
          as Trustee
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p style="text-align: center">

    </p>
    <p>

    </p>
    <p>

    </p>
    <p style="text-align: center">

    </p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>a51466580_ex992.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.2</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Radian
      Announces Redemption of its 2.25% Convertible Senior Notes due 2019</b></font>
    </p>
    <p>
      PHILADELPHIA--(BUSINESS WIRE)--November 28, 2016--Radian Group Inc.
      (NYSE: RDN) announced today that it is exercising its option to redeem
      its 2.25% Convertible Senior Notes due 2019 (the &#8220;Notes&#8221;), of which an
      aggregate principal amount of approximately $68.0 million is
      outstanding. The redemption date will be January 27, 2017 (the
      &#8220;Redemption Date&#8221;). The redemption price is equal to $1,000 per $1,000
      principal amount of the Notes, plus accrued and unpaid interest from the
      last interest payment date on September 1, 2016, up to, but excluding,
      the Redemption Date. In lieu of receiving the redemption price, holders
      of the Notes may surrender their Notes for conversion at any time before
      5:00 p.m., Eastern time, on January 26, 2017. The conversion rate of the
      Notes is 94.3396 shares of the company&#8217;s common stock per $1,000
      principal amount of Notes.
    </p>
    <p>
      The company has elected to settle all Notes surrendered for conversion
      or redemption with cash, and expects to fund the payment of the
      redemption, as well as any Notes surrendered for conversion, using
      available liquidity. As of September 30, 2016, Radian Group maintained
      $483 million of available liquidity. When completed, this transaction
      will reduce the company&#8217;s total number of diluted shares by
      approximately 6.4 million shares, and bring the total reduction in
      diluted shares related to the company's 2016 capital actions, including
      the share repurchase completed in the first quarter, to approximately
      29.5 million shares.
    </p>
    <p>
      &#8220;We have made significant progress in achieving the capital plan we
      outlined late last year to improve our capital structure, including
      removing the convertible notes and distributing our debt maturities more
      evenly,&#8221; said Radian&#8217;s Chief Financial Officer Frank Hall. &#8220;The
      combination of our capital actions in 2016, once completed, will reduce
      our total number of diluted shares by approximately 12%, and we continue
      to make strides in returning to investment grade ratings at the holding
      company.&#8221;
    </p>
    <div style="margin-right: 0pt; margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      The press release is for information purposes only and does not
      constitute an offer to sell or the solicitation of an offer to buy any
      security of the company, nor will there be any sale of any such security
      in any jurisdiction in which such offer, sale or solicitation would be
      unlawful.
    </p>
    <p>
      ABOUT RADIAN
    </p>
    <p>
      Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides
      private mortgage insurance, risk management products and real estate
      services to financial institutions. Radian offers products and services
      through two business segments:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Mortgage Insurance, through its principal mortgage insurance
        subsidiary Radian Guaranty Inc. This private mortgage insurance
        protects lenders from default-related losses, facilitates the sale of
        low-downpayment mortgages in the secondary market and enables
        homebuyers to purchase homes more quickly with downpayments less than
        20%.
      </li>
      <li style="margin-bottom: 10.0px">
        Mortgage and Real Estate Services, through its principal services
        subsidiary Clayton, as well as Green River Capital, Red Bell Real
        Estate and ValuAmerica. These solutions include information and
        services that financial institutions, investors and government
        entities use to evaluate, acquire, securitize, service and monitor
        loans and asset-backed securities.
      </li>
    </ul>
    <p>
      Additional information may be found at <u>www.radian.biz</u>.
    </p>
    <p>
      FORWARD-LOOKING STATEMENTS
    </p>
    <p>
      Some of the statements in this press release may constitute
      &#8220;forward-looking statements&#8221; within the meaning of Section 27A of the
      Securities Act of 1933, Section 21E of the Securities and Exchange Act
      of 1934 and the United States Private Securities Litigation Reform Act
      of 1995. Words such as &#8216;will,&#8221; &#8220;intends,&#8221; &#8220;expects,&#8221; &#8220;believes&#8221; and
      similar expressions are used to identify these forward-looking
      statements. These statements are made on the basis of management's
      current views and assumptions with respect to future events. Any
      forward-looking statement is not a guarantee of future performance and
      actual results could differ materially from those contained in the
      forward-looking statement. These statements speak only as of the date
      they were made, and we undertake no obligation to update or revise any
      forward-looking statements, whether as a result of new information,
      future events or otherwise. We operate in a changing environment. New
      risks emerge from time to time and it is not possible for us to predict
      all risks that may affect us. The forward-looking statements, as well as
      our prospects as a whole, are subject to risks and uncertainties that
      could cause actual results to differ materially from those set forth in
      the forward-looking statements. For more information regarding these
      risks and uncertainties as well as certain additional risks that we
      face, you should refer to the Risk Factors detailed in Item 1A of Part I
      of our Annual Report on Form 10-K for the year ended December 31, 2015
      and subsequent reports and registration statements filed from time to
      time with the Securities and Exchange Commission.
    </p>
    <p>
      CONTACT:<br>Radian Group Inc.<br>Emily Riley, 215-231-1035<br><u>emily.riley@radian.biz</u>
    </p>
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