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PHILADELPHIA, Oct. 15 /PRNewswire-FirstCall/ -- Radian Group Inc. (NYSE: RDN) today announced that it has appointed PricewaterhouseCoopers LLP ("PwC") as the Company's new independent registered public accounting firm. PwC's engagement will begin after the departure of the Company's current auditor, Deloitte & Touche LLP. As previously disclosed, Deloitte & Touche's engagement will end following the filing of the Company's Quarterly Report on Form 10-Q for the third quarter of 2007. PwC will immediately begin work in preparation for the completion of Radian's 2007 audit.

"We are pleased to engage PwC, a global leader in the accounting profession, as our independent auditors," said S.A. Ibrahim, Chief Executive Officer of Radian. "PwC has a strong reputation and an in-depth knowledge of the financial services industry and the mortgage sector in particular. We look forward to working with their team."

Radian Group Inc. is a global credit risk management company headquartered in Philadelphia with significant operations in New York and London. Radian develops innovative financial solutions by applying its core mortgage credit risk expertise and structured finance capabilities to the credit enhancement needs of the capital markets worldwide, primarily through credit insurance products. The company also provides credit enhancement for public finance and other corporate and consumer assets on both a direct and reinsurance basis and holds strategic interests in credit-based consumer asset businesses. Additional information may be found at http://www.radian.biz.