Radian Lien Protection Accepted by Lehman
|March 26, 2002|
PHILADELPHIA, /PRNewswire-FirstCall/ -- Radian Guaranty Inc. today announced Lehman Brothers will accept Radian Lien Protection as an alternative to title insurance on asset-backed and mortgage-backed securities. Last year, Radian received approval for Radian Lien Protection from Standard and Poor's, Fitch Ratings and Moody's.
Radian Lien Protection, offered in connection with Radian's sister company, RadianExpress, is a mortgage pool insurance policy used in mortgage- backed securitizations in connection with refinances, second mortgages and home equity loans. Radian Lien Protection provides protection from a borrower's default for a broad range of losses, including losses due to undisclosed prior liens.
Lehman Brothers, headquartered in New York, is a global investment bank serving the financial needs of corporations, institutions, governments and high-net-worth investors worldwide.
Source: Radian Guaranty Inc.