Radian shuts down mortgage conduit after divestiture process

Iyer said the company is working with customers to support a “smooth and thoughtful conclusion” to the wind-down.

The move follows Radian’s September 2025 disclosure that it planned to divest its “all other business” segment, including Radian Mortgage Capital and its title and real estate services operations, by no later than the third quarter of 2026.

That strategy was part of a broader corporate shift tied to Radian’s $1.7 billion all-cash acquisition of Inigo Limited from Lloyds, a deal that repositions the company from a U.S. mortgage insurer into a global, diversified, multiline specialty insurer.

Radian stressed that the conduit wind-down does not signal a decision on the rest of the segment.

“Regarding our Title and Real Estate Services businesses, we are continuing to pursue strategic options, and the decision to wind down the Mortgage Conduit business does not reflect the outcome or direction for these businesses,” Iyer mentioned. 

The company’s board has approved the plan to sell the businesses, and Radian said it is operating them in ordinary course while it evaluates options. 

When the divestiture plan was announced, Radian CEO Rick Thornberry said a sale would allow the businesses “to continue to pursue their next phase of growth,” while simplifying Radian as it focuses on building a multiline specialty insurer.

Radian Group received $62 million in distributions from businesses held for sale during the fourth quarter of 2025. As of December, the company had about 900 employees, including roughly 300 supporting the businesses held for sale, according to Securities and Exchange Commission (SEC) filings.