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TheStreet Open House

Radian Releases Delinquency Data For December

Stocks in this article: RDN

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released data for primary mortgage insurance delinquencies for December 2012 and for the years ended December 2012 and 2011, respectively. 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.

     
   

December 2012

 

2012

 

 

2011

Primary New Insurance Written ($ in billions) $3.85 $37.1 $15.5
             
Beginning Primary Delinquent Inventory

(# of loans)

 

92,770

 

110,861

 

125,470

Plus: New Delinquencies   6,740   73,517   94,817
Less: Cures   (4,638)   (61,906)   (77,997)
Less: Paids

(including those charged to a deductible or captive)

 

(1,638)

 

(18,993)

 

(24,479)

Rescissions and Denials   (65)   (10,370)   (6,950)
Ending Primary Delinquent Inventory

(# of loans)

 

93,169

 

93,169

 

110,861

Primary New Insurance Written totals for 2012 and 2011, respectively, reflect any adjustments to prior monthly reported NIW numbers.

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