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Radian releases delinquency data for July and August

NationalMortgageProfessional.com
Sep 13, 2010

Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., has released data for primary mortgage insurance (PMI) delinquencies for the months of July and August 2010. 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.   July 2010 August 2010 Primary New Insurance Written ($ in billions) $1.0 $1.1 Beginning Primary Delinquent Inventory (number of loans) 138,015 137,374 Plus: New Delinquencies    9,930 9,084 Less: Cures 7,616 8,142 Less: Paids (including those charged to a deductible or captive) 2,495 2,030 Less: Rescissions and Denials 460 897 Less: Terminations* --   4,296 Ending Primary Delinquent Inventory (number of loans) 137,374 131,093 *Represents the termination of certain structured transactions, which reduced the company's primary insurance in force and primary delinquency count. For more information, visit www.radian.biz.
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