For Release 11/27

RADIAN ANNOUNCES CLOSE OF EXCHANGE OFFER

Radian Group, Inc. (NYSE: RDN) today announced that it has completed the
exchange offer of its 7.75% Debentures due 2011, which were privately placed
under Rule 144A for its 7.75% Debentures due 2011, that have been registered
under the Securities Act of 1933. The offering expired at 5:00 p.m. eastern
standard time, November 26, 2001. Holders of $249,000,000 aggregate principal
amount of the privately-placed debentures exchanged a like amount of publicly
registered debentures.

Radian Group Inc. is the parent company of Radian Guaranty Inc., Enhance
Reinsurance Company, Asset Guaranty Insurance Company and ExpressClose.com. The
company's products and services enable homebuyers to purchase homes more quickly
and with smaller downpayments; protect lenders against loan default; lower the
costs of mortgage origination and servicing; and provide insurance and
reinsurance to investors in corporate, municipal and asset-backed securities.