Item 8.01. Other Events.

On December 3, 2012, Radian Group Inc. issued a press release announcing the commencement of an offer to eligible holders to exchange any and all of its outstanding 5.375% Senior Notes due June 2015 ("Old Notes") for a new series of 9.000% Senior Notes due June 2017 and additional cash consideration, in certain circumstances (the "Exchange Offer"), for purposes of improving its debt maturity profile. As noted in the press release, $250 million aggregate principal amount of the Old Notes are outstanding and one of the holders of the Old Notes has agreed to tender, subject to customary conditions, an aggregate principal amount of $167 million of such notes in the Exchange Offer. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

This disclosure does not constitute an offer to purchase, the solicitation of an offer to purchase, or a solicitation of tenders. This disclosure is subject in all respects to the terms and conditions set forth in the Offer to Exchange, dated December 3, 2012, and in the related Letter of Transmittal (the "Offering Documents"). The Exchange Offer is not being made in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. No recommendation is made as to whether or not holders of Old Notes should exchange their Old Notes pursuant to the Exchange Offer. The Exchange Offer is being made solely pursuant to the Offering Documents, which more fully set forth and govern the terms and conditions of the Exchange Offer. The Offering Documents contain important information and should be read carefully before any decision is made with respect to the Exchange Offer.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1* Radian Group Inc. Press Release dated December 3, 2012.

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* Furnished herewith

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