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Radian adds unemployment insurance to coax would-be homebuyers

Radian will broaden some mortgage-insurance policies to provide relief when borrowers lose their jobs.

By Doni Bloomfield | Updated on April 23, 2015
Radian will broaden some mortgage-insurance policies to provide relief when borrowers lose their jobs. (Freer/Shutterstock.com)

(Bloomberg) — Radian Group Inc. will broaden some mortgage-insurance policies to provide relief when borrowers lose their jobs, in a bid to stoke demand among homebuyers pressured by government fees and tight access to credit.

The insurer will give the coverage to buyers putting down less than 5% of the price of their homes, according to Teresa Bazemore, president of Philadelphia-based Radian’s mortgage-insurance unit.

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