Radian Releases Delinquency Data for February
07 Mars 2013 - 2:00PM
Business Wire
Radian Guaranty Inc., the mortgage insurance subsidiary of
Radian Group Inc., today released data for primary mortgage
insurance delinquencies for February 2013. 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. 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.
February 2013
Primary New Insurance Written ($ in billions) $3.29
Beginning Primary Delinquent Inventory
(# of loans)
91,089
New Delinquencies
5,478
Cures
(4,885)
Paids
(including those charged to a deductible
or captive)
(1,944)
Rescissions and Denials (24)
Ending Primary Delinquent
Inventory
(# of loans)
89,714
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.
Forward-Looking Statements
Some of the statements in this press release
may constitute “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities and Exchange Act of 1934 and the United States Private
Securities Litigation Reform Act of 1995. Words such as "will,"
"expects," "believes" and similar expressions are used to identify
these forward-looking statements. These forward-looking statements,
which may include without limitation, projections regarding our
future performance and financial condition, are made on the basis
of management’s current views and assumptions with respect to
future events. Any forward-looking statement is not a guarantee of
future performance and actual results could differ materially from
those contained in the forward-looking statement. These statements
speak only as of the date they were made, and we undertake no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. We operate in a changing environment. New risks
emerge from time to time and it is not possible for us to predict
all risks that may affect us. For more information regarding these
risks and uncertainties as well as certain additional risks that we
face, you should refer to the Risk Factors detailed in Item 1A of
Part I of our Annual Report on Form 10-K for the year ended
December 31, 2012 and subsequent reports and registration
statements filed from time to time with the Securities and Exchange
Commission.
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