Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., has announced the addition of 30-year mortgage industry veteran Phillip Bracken to the team in the newly created role of chief policy officer–government and industry relations. Bracken will represent Radian on Capitol Hill, by promoting a more traditional balance between private and public capital in the mortgage finance market.
Bracken brings more than 30 years of mortgage industry experience to Radian, most recently serving as an executive consultant for private enterprise clients in the housing, financial services and consumer sectors. Prior to that, Bracken spent 15 years as an executive at Wells Fargo, where he managed government and industry relations, and policy development, for the Home Mortgage and Consumer Finance Group.
Earlier in his career, Bracken also held senior leadership roles at Prudential Home Mortgage in St. Louis, Mo. and America’s Mortgage Company in Springfield, Ill.
Bracken is well-recognized, having won a variety of national awards for leadership and achievement within the mortgage industry, including a lifetime achievement award from the National Association of Real Estate Brokers and the Mortgage Bankers Association (MBA).
“As the housing market gains momentum, we need a strong, dedicated voice on Capitol Hill who will advocate for Radian and for balance within the mortgage industry, which is why we created this important role,” said Teresa Bryce Bazemore, president of Radian Guaranty. “Phil brings a wealth of industry experience and an impressive leadership background that make him a credible spokesperson for positive change in our industry.”
Bracken is the co-chairman of the Consumer/Lender Roundtable in Washington, DC; and president of the Housing Renaissance, a group that comprises the top housing industry leaders in the country.