Advertisement

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.