Exhibit 5.1
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Faegre Drinker Biddle & Reath LLP
\nOne Logan Square, Ste. 2000
\nPhiladelphia, Pennsylvania 19103-6996
\n+1 215 988 2700 main
+1 215 988 2757\nfax
August 10, 2026
Radian Group Inc.
\n500 East Swedesford Road, Suite 350
Wayne, Pennsylvania 19087\n
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| Re: | \n Registration Statement on Form S-8 |
Radian Group Inc. 2026 Inducement Grant Equity Plan, as amended as of August 6, 2026
\nLadies and Gentlemen:
We have acted as counsel\nto Radian Group Inc., a Delaware corporation (the “Company”), in connection with the preparation and filing with the Securities and Exchange Commission (the “Commission”) of a Registration Statement on
For purposes of this\nopinion letter, we have examined the Third Amended and Restated Certificate of Incorporation and the Fourth Amended and Restated By-Laws of the Company, each as currently in effect, the Registration\nStatement, the 2026 Inducement Plan, and the resolutions of the board of directors of the Company (the “Board”) authorizing the 2026 Inducement Plan and the issuance of the Shares. We have also examined a certificate of the\nSecretary of the Company dated the date hereof (the “Certificate”) and originals, or copies certified or otherwise authenticated to our satisfaction, of such corporate records and other records, agreements, instruments,\ncertificates of public officials and documents as we have deemed necessary as a basis for the opinions hereinafter expressed and have reviewed such matters of law as we have deemed relevant hereto. As to all issues of fact material to this opinion\nletter, we have relied on certificates, statements or representations of public officials, of officers and other representatives of the Company (including the Certificate) and of others, without any independent verification thereof.
\nIn rendering the opinion set forth below, we have assumed, without independent verification or investigation thereof: (i) the legal\ncapacity of all natural persons; (ii) the genuineness of all signatures, including electronic signatures; (iii) the authenticity of all documents submitted to us as originals; (iv) the conformity to original documents of all documents\nsubmitted to us as copies; (v) the authenticity of the originals of such latter documents; (vi) the truth, accuracy and completeness of the information, representations and warranties contained in the agreements, documents, instruments,\ncertificates and records we have reviewed; and (vii) the absence of any undisclosed modifications to the agreements and instruments reviewed by us.
\nBased upon such examination and review, and subject to the foregoing and the other qualifications, assumptions and limitations set forth\nherein, it is our opinion that all necessary corporate action on the part of the Company has been taken to authorize the issuance and sale of the Shares to be issued in accordance with the 2026 Inducement Plan, and that, when (a) the Shares\nhave been issued and delivered as contemplated in the Registration Statement and the related prospectus and in accordance with the 2026 Inducement Plan and the terms of any applicable award agreement, and (b) where applicable, the consideration\nfor the Shares specified in the 2026 Inducement Plan and any applicable award agreement has been received by the Company, the Shares will be validly issued, fully paid and nonassessable.
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