SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

CASALE MARK

(Last)

(First)

(Middle)

RADIAN GROUP INC.

1601 MARKET STREET

(Street)

PHILADELPHIA

19103

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/18/2005

3. Issuer Name and Ticker or Trading Symbol
RADIAN GROUP INC [ RDN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President -

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
common stock	2,391	D
common stock	1,850⁽¹⁾	I	Owned by 401K.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Phantom Stock Unit⁽⁴⁾	01/01/2007	01/15/2007	Common Stock	4,000	$0⁽³⁾	D
Dividend Equivalent rights	01/01/2007⁽²⁾	01/15/2007	Common Stock	4.9106	$0⁽³⁾	D
Stock Options	02/08/2006	02/08/2012	Common Stock	5,500	$48.39	D
Stock Options	02/10/2005	02/10/2014	Common Stock	9,000	$45.95	D
Stock Options	01/30/2004	01/30/2013	Common Stock	10,000	$35.79	D
Stock Options	11/06/2002	11/06/2011	Common Stock	5,000	$35.81	D
Stock Options	08/07/2001	08/07/2011	Common Stock	10,000	$39.34	D

Explanation of Responses:

1. Approximately 790 of the shares has a risk of forfeiture pursuant employer match vesting requirements

2. dividend equivalent rights accrued on phantom stock units and become exercisable proportionately with the options to which they relate.

3. Exercise price is 1 for 1

4. Grant made pursuant to a Retention Agreement entered into between the Company and Mr. Quint. The terms of the Retention Agreement were filed in an 8-K on February 14, 2005.

Remarks:

	Howard S. Yaruss /s/ Howard S. Yaruss (power of attorney)	11/21/2005
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.