Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
FILIPPS FRANK P
   2. Issuer Name and Ticker or Trading Symbol
RADIAN GROUP INC [RDN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last)
(First)
(Middle)
RADIAN GROUP INC., 1601 MARKET STREET		 3. Date of Earliest Transaction (Month/Day/Year)
02/08/2005
(Street)

PHILADELPHIA, PA 19103		 4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
common stock               205,947 D  
common stock               4,139 (1) I 401K stock fund

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
dividend equivalent rights $ 0 (2)               (4)   (4) common stock 7   7 D  
Phantom stock unit $ 0 (2) 02/08/2005   A   27,898.3261   06/30/2005 02/08/2015 Common stock 27,898.3261 (3) 27,898.3261 D  
Phantom stock unit $ 0 (2)             02/10/2005 02/10/2014 Common stock 3,590.85   3,590.85 D  
stock option $ 45.95             02/10/2005 02/10/2014 common stock 70,000   70,000 D  
Stock Option $ 16.25             01/21/1999 01/21/2007 Common Stock 13,380   13,380 D  
Stock Option $ 26.4688             12/02/1999 12/02/2007 Common Stock 25,000   25,000 D  
Stock Option $ 20.3125             01/19/2001 01/19/2009 Common Stock 42,500   42,500 D  
Stock Option $ 21.0313             01/18/2002 01/18/2010 Common Stock 60,000   60,000 D  
Stock Option $ 27.1875             01/22/2003 01/22/2011 Common Stock 58,668   101,332 D  
Stock Option $ 38             01/21/2002 01/21/2007 Common Stock 7,114   7,114 D  
Stock Option $ 38             01/21/2002 12/22/2005 Common Stock 20,789   20,789 D  
Stock Option $ 35.81             11/06/2002 11/06/2011 Common Stock 108,000   108,000 D  
Stock Option $ 35.79             01/30/2004 01/30/2013 Common Stock 125,000   125,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FILIPPS FRANK P
RADIAN GROUP INC.
1601 MARKET STREET
PHILADELPHIA, PA 19103		   X     Chairman and CEO  

Signatures

 Howard S. Yaruss Howard S. Yaruss (POA) Atty-in-fact   02/10/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) Updated to reflect changes in 401K Stock Fund
(2) 1-for-1
(3) N/A
(4) dividend equivalent rights accrued on phantom stock units and become exerciseable proportionately with the options to which they relate.

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