Radian Releases Delinquency Data for August
08 Septembre 2014 - 2:00PM
Business Wire
Radian Guaranty Inc., the mortgage insurance subsidiary of
Radian Group Inc., today released data for primary mortgage
insurance delinquencies for August 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.
August 2014
Primary New Insurance Written ($ in billions) $3.59
Beginning Primary Delinquent Inventory (# of loans)
47,870 Plus: New Delinquencies 4,361
Less:
Cures (3,497)
Less: Paids
(including those charged to a deductible
or captive)
(1,177)
Less: Rescissions and Denials (1) (193)
Ending Primary
Delinquent Inventory (# of loans) 47,364
(1)
Rescissions and Denials are net of actual
reinstatements for the period. For additional details on
reinstatement trends as of June 30, 2014, refer to Slide 21 of
Radian’s Second 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.
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 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, 2013, Item 1A of Part
II of our Quarterly Reports on Form 10-Q filed in 2014, and
subsequent reports and registration statements filed from time to
time with the Securities and Exchange Commission.
Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
Radian (NYSE:RDN)
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