Mortgage insurer Radian Group Inc. announced it will lay off 166 employees, effective Dec. 1 from two of its offices in Pennsylvania. Out of these workers, 66 employees are from Radian’s Delaware County headquarters and 100 are from the Allegheny County office.

The company employed 1,800 people at the end of 2021.

Radian has joined the many mortgage and real estate companies who have laid off employees to cope with a volatile market due to the Federal Reserve’s rate hikes, among other factors.

In response to an email, Radian spokesperson Rashi Iyer cited the slowdown in the U.S. housing market that details ⇒

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