Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  CASALE MARK
 2. Date of Event Requiring Statement (Month/Day/Year)
11/18/2005		 3. Issuer Name and Ticker or Trading Symbol
RADIAN GROUP INC [RDN]
(Last)
(First)
(Middle)
RADIAN GROUP INC., 1601 MARKET STREET		 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 Original Filed(Month/Day/Year)
(Street)

PHILADELPHIA, PA 19103		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
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  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CASALE MARK
RADIAN GROUP INC.
1601 MARKET STREET
PHILADELPHIA, PA 19103		       Executive Vice President -  

Signatures

Howard S. Yaruss /s/ Howard S. Yaruss (power of attorney) 11/21/2005
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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.

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