Radian Releases Delinquency Data for December
January 07 2015 - 8:00AM
Business Wire
Radian Guaranty Inc., the mortgage insurance subsidiary of
Radian Group Inc., today released data for primary mortgage
insurance delinquencies for December 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.
December 2014
Primary New Insurance Written ($ in billions) $3.43
Beginning Primary Delinquent Inventory (# of
loans) 45,908 Plus: New
Delinquencies 4,004
Less: Cures
(3,560)
Less: Paids
(including those charged to a deductible
or captive)
(777)
Less: Rescissions and Denials
(1)
(256)
Ending Primary Delinquent Inventory (# of loans)
45,319
(1)
Rescissions and Denials are net of actual
reinstatements for the period. For additional details on
reinstatement trends as of September 30, 2014, refer to Slide 22 of
Radian’s Third Quarter 2014 Presentation Slides available in the
Investors section of Radian’s website at www.radian.biz.
About Radian
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia,
provides private mortgage insurance and related risk mitigation
products and services to mortgage lenders nationwide through its
principal operating subsidiary, Radian Guaranty Inc. These services
help promote and preserve homeownership opportunities for
homebuyers, while protecting lenders from default-related losses on
residential first mortgages and facilitating the sale of
low-downpayment mortgages in the secondary market. Additional
information may be found at www.radian.biz.
Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
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