Material Agreement - Form 8-K

As previously disclosed, on September 28, 2022, Radian Group Inc. ("Company") entered into a Guaranty Agreement ("Guaranty Agreement") in favor of Bank of Montreal, a Canadian Chartered bank acting through its Chicago Branch ("BMO") to guaranty the obligations of the Company's subsidiary Radian Mortgage Capital LLC ("RMC") in connection with a mortgage loan repurchase facility that RMC entered into with BMO pursuant to a Master Repurchase Agreement dated September 28, 2022 ("MRA"). The MRA is used to finance RMC's acquisition of residential mortgage loans from correspondent lenders, subject to market conditions, with a view towards the later securitization and/or direct sale of the loans to mortgage investors. The MRA is uncommitted, and BMO is under no obligation to fund the purchase of any residential mortgage loan assets under this facility.

Also, as previously disclosed, the MRA was subsequently amended on April 17, 2023 and September 27, 2023, and on each of those dates the Company reaffirmed its guaranty of RMC's obligations under the amended MRA pursuant to the Guaranty Agreement.

On April 24, 2024, RMC, the Company and BMO entered into Amendment No. 3 to the MRA ("Amendment No. 3") to increase the size of the mortgage loan purchase facility from $150 million to $400 million. The material terms of the MRA and Guaranty Agreement otherwise remain unchanged. The Company entered into Amendment No. 3 solely for the purpose of reaffirming its guaranty of RMC's obligations under the MRA, as amended, pursuant to the Guaranty Agreement.

The foregoing description of the MRA and Amendment No. 3 is qualified in its entirety by reference to the full text of the amended MRA which is filed as Exhibit A to the Amendment that is filed as Exhibit 10.1 to this Current Report on Form 8-Kand is incorporated herein by reference.