Radian Partners with AREAA on Education

The Asian Real Estate Association of America has launched a two-year partnership with Radian Group's mortgage insurance unit.

The two organizations will team up to improve awareness among Asian-Americans, and specifically AREAA's 14,000 members, of their mortgage lending options.

Radian Guaranty Inc. could also develop new products for a community that has indicated preferences for conforming mortgage products.

"We are looking at ways to provide information to Asian homebuyers about taking advantage of the full range of mortgage options and not delaying homeownership in today's strong housing market," said Radian's Chief Franchise Officer Brien McMahon in a Tuesday press release.

As part of the exclusive partnership, the Philadelphia-based Radian Group will also obtain privileged access to AREAA's members through the association's annual convention, policy meetings and chapter events throughout the country.

According to a June Nielsen report, the buying power of Asian-Americans is on par to reach $1 trillion by 2018. The community has emerged as an economic force in the housing industry this decade.

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