Radian Launches Opens Doors Opens Hearts Fundraiser for the MBA Opens Doors Foundation

Rhea-AI Summary

Radian Group Inc. (NYSE: RDN) launched the "Opens Doors Opens Hearts" fundraiser supporting the Mortgage Bankers Association’s Opens Doors Foundation. The initiative aids families with critically ill children in paying rent or mortgage during treatment. For every $50 raised, Radian sends a door decoration kit to hospitalized children and matches donations until October 22, 2021. Radian's ongoing commitment includes a $400,000 pledge over four years to enhance the foundation's partnership with the Children’s Hospital of Philadelphia.

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• Radian launched the 'Opens Doors Opens Hearts' fundraiser to support families with critically ill children.
• For every $50 raised, Radian sends a door decoration kit to a hospitalized child, fostering community support.
• The company pledged to match donations until October 22, 2021, encouraging additional contributions.
• Radian committed $400,000 over four years to the Opens Doors Foundation in partnership with the Children's Hospital of Philadelphia.

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• None.

WAYNE, Pa.--(BUSINESS WIRE)-- Radian Group Inc. (NYSE: RDN) today announced the “Opens Doors Opens Hearts” fundraiser benefiting the Mortgage Bankers Association’s (MBA) Opens Doors Foundation.

The Opens Doors Opens Hearts fundraiser brings awareness to the foundation’s mission of helping families with critically ill or injured children afford their rent or mortgage payments while their children are in treatment. Participants are encouraged to make a contribution and decorate their doors to spread awareness of the campaign. You can get involved at radianopensdoors.com.

For every $50 raised, Radian will send a door decoration kit to a child in the hospital, bringing much-needed cheer to the children and their families. Radian has also pledged to match donations made to the Opens Doors Opens Hearts fundraiser by October 22, 2021 as a part of its commitment to increasing support for important nonprofit organizations amid the COVID-19 pandemic.

“The Opens Doors Foundation is very close to our hearts at Radian, because we share a mission of protecting and ensuring the American dream of homeownership,” said Radian Chief Executive Officer Rick Thornberry. “We are proud to raise awareness for this incredible organization among our vast network of customers, peers, employees, and friends.”

All funds raised as part of the Opens Doors Opens Hearts fundraiser will support the foundation’s Home Grant program, which makes mortgage and rental assistance payment grants to parents and guardians with critically ill or injured children, allowing them to take the time they need to spend precious time together without jeopardizing their homes.

“This remains an especially difficult time for our Opens Doors families, as the pandemic has disproportionately affected them and created much greater demand for our support,” said Deborah Dubois, President of the MBA Opens Doors Foundation. “We are so very thankful for Radian’s unwavering support throughout the pandemic, and excited for the Radian Opens Doors Opens Hearts campaign to bring much needed cheer to children and their families and help the Foundation to carry on its meaningful work.”

Radian is a longstanding supporter of the Opens Doors Foundation. In 2019 the company helped the Foundation launch an alliance with the Children’s Hospital of Philadelphia (CHOP). Radian has made a $400,000 commitment over four years to fund the Opens Doors partnership with CHOP.

Additionally, for over 10 years Radian has also been a lead sponsor of Concert MBA, a benefit concert and auction for the Opens Doors Foundation that has brought artists including John Ondrasik, Keith Urban, Kelly Clarkson, John Legend, James Taylor, and Sheryl Crow to the Annual MBA Convention. Radian will again be sponsoring the Concert MBA at the 2021 MBA Annual Convention & Expo in San Diego on October 19, 2021, featuring the multi-platinum Grammy-nominated band, OneRepublic.

About Radian
Radian Group Inc. (NYSE: RDN) is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, title, valuation, asset management and other real estate services. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk. Visit www.radian.com to learn more about how Radian is shaping the future of mortgage and real estate services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211012005184/en/

For the Media:

Rashi Iyer – Phone: 215.231.1167

Email: rashi.iyer@radian.com

For Investors:

John Damian – Phone: 215.231.1383

Email: john.damian@radian.com

Source: Radian Group Inc.

FAQ

What is the 'Opens Doors Opens Hearts' fundraiser by Radian (RDN)?

It's a campaign launched by Radian to support families with critically ill children by helping them with mortgage or rent payments.

How much money will Radian match for the Opens Doors fundraiser?

Radian will match donations made to the fundraiser until October 22, 2021.

What does Radian do with the funds raised in the Opens Doors fundraiser?

Funds support the Opens Doors Foundation's Home Grant program, which provides mortgage and rental assistance.

How has Radian historically supported the Opens Doors Foundation?

Radian has committed $400,000 over four years for partnership initiatives with the foundation and the Children's Hospital of Philadelphia.

When is the 2021 MBA Annual Convention where Radian is sponsoring?

The 2021 MBA Annual Convention & Expo will take place on October 19, 2021, in San Diego.