Radian Releases Delinquency Data for July
07 Août 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 July 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. 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.
July 2013
Primary New Insurance Written ($ in billions) $5.29
Beginning Primary Delinquent Inventory (# of loans)
78,257 New Delinquencies 5,800 Cures
(4,798) Paids (including those charged to a deductible or captive)
(2,004) Rescissions and Denials * (113)
Ending
Primary Delinquent Inventory (# of loans) 77,142
* Rescissions and Denials are net of
actual reinstatements for the period. For additional details on
reinstatement trends, refer to Slide 21 of Radian’s Second Quarter
2013 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.
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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