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Radian closes real estate services sale and to sell title business

Radian said the title transaction with PLACE is expected to close in Q4, subject to closing conditions and regulatory approvals.

Reported · Written up by our desk · Industry

HousingWire reports that Radian has closed the sale of its Real Estate Services business to PLACE and also signed an agreement to sell its title business to PLACE.

The title transaction is subject to customary closing conditions and regulatory approvals, and Radian expects it to close in the fourth quarter. Terms of both deals were not disclosed.

Radian said the completed real estate services sale and the pending title sale are part of a plan to divest non-core units as it shifts toward a global multi-line specialty insurance strategy after its acquisition of Inigo.

Radian’s Real Estate Services and Title operations include title, settlement, valuation, brokerage, and property management services, according to the company, with the Real Estate Services unit spanning property management and real estate brokerage and valuation offerings.

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