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Radian Releases Delinquency Data For October

Stock quotes in this article: RDN 

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released data for primary mortgage insurance delinquencies for October 2012. These details may also be found on Radian’s website at http://www.radian.biz/page?name=NewsReleases. Previously released historical data is also available on the website at http://www.radian.biz/page?name=FinancialReportsMortgageInsurance.

The information below regarding new delinquencies and cures is reported to Radian from loan servicers. The accuracy of these reports may be affected by several factors, including the date on which the report is generated and by the timing of servicing transfers.

     
       

October 2012

Primary New Insurance Written ($ in billions) $4.01
         
Beginning Primary Delinquent Inventory

(# of loans)

     

94,831

Plus: New Delinquencies       5,666
Less: Cures       (5,198)
Less: Paids

(including those charged to a deductible or captive)

     

(1,450)

Less: Rescissions and Denials       81
Ending Primary Delinquent Inventory

(# of loans)

     

93,930

* Rescissions and Denials are net of actual reinstatements for the period. For additional details on reinstatement trends, refer to Slide 21 of Radian’s Third Quarter 2012 Presentation Slides available in the Investors section of Radian’s website at www.radian.biz .

Mortgage Insurance Segment Cash Position

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