Radian is shutting down its mortgage conduit business after a divestiture process, while continuing to explore strategic options for its title and real estate services units, the company confirmed to HousingWire.

The conduit, which operated primarily through Radian Mortgage Capital, focused on buying mortgages in the secondary market from lenders and selling them to investors or into private-label securitizations. The platform could also retain mortgage servicing rights on loans it sells.

“Radian ceased accepting new business for Radian Mortgage Capital early last week and is in the process of thoughtfully winding down the business over the coming months,” Rashi Iyer, details ⇒

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