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.
Primary New Insurance Written ($ in billions)
Beginning Primary Delinquent Inventory (number of loans)
Plus: New Delinquencies
(including those charged to a deductible or captive)
Less: Rescissions and Denials
Ending Primary Delinquent Inventory (number of loans)
*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.