Radian Guaranty Inc. is the mortgage insurance subsidiary of Radian Group Inc. (NYSE: RDN), a global credit enhancement company headquartered in Philadelphia. Radian provides private mortgage insurance and risk management services to mortgage lenders nationwide; these services increase homeownership opportunities by helping people to buy homes with down payments of less than 20 percent. Private mortgage insurance protects lenders from default-related losses on residential first mortgages and facilitates the sale of low-down payment mortgage loans in the secondary market.