Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., today released data for primary mortgage insurance delinquencies for February 2014. 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. Default reporting, particularly on a monthly basis, may be affected by several factors, including the date on which the report is generated and transmitted to Radian, updated information submitted by servicers and by the timing of servicing transfers.
|Primary New Insurance Written ($ in billions)||$1.9|
|Beginning Primary Delinquent Inventory (# of loans)||58,782|
|Plus: New Delinquencies||3,913|
(including those charged to a deductible or captive)
|Less: Rescissions and Denials (1)||(41)|
|Ending Primary Delinquent Inventory (# of loans)||55,891|
(1) Rescissions and Denials are net of actual reinstatements for the period. For additional details on reinstatement trends as of December 31, 2013, refer to Slide 20 of Radian’s Fourth Quarter 2013 Presentation Slides available in the Investors section of Radian’s website at www.radian.biz .