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Radian Sees Leveling Off in New Delinquencies and Cures

in Loss Mitigation November 10, 2011 866 Views

Mortgage insurer ""Radian Guaranty Inc."":http://www.radian.biz trimmed its inventory of delinquent loans during the month of October by 136, as new delinquencies and cures came close to breaking even.

The Philadelphia-based company ended the month with 110,614 loans in its primary delinquent portfolio, down from 110,740 at the beginning of October.

Radian reported new delinquencies during the month of 7,665, offset by 6,133 cured loans, 1,384 paid claims, and 274 loans on which coverage was rescinded or denied.

The company says it wrote $2.07 billion in new primary mortgage insurance coverage during the month of October.

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About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
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