Radian Releases Monthly Operating Statistics for January 2021
05 Février 2021 - 12:30PM
Business Wire
Radian Guaranty Inc., the mortgage insurance subsidiary of
Radian Group Inc., today released monthly operating statistics
related to the credit performance of its insured portfolio for the
month of January 2021. The information includes total new primary
defaults, which include defaults under forbearance programs in
response to the COVID-19 pandemic, as well as cures, claims paid
and rescissions/denials. The information regarding new defaults and
cures is reported to Radian Guaranty from loan servicers. The
company considers a loan to be in default for financial statement
and internal tracking purposes upon receipt of notification by
servicers that a borrower has missed two monthly payments. Default
reporting, particularly on a monthly basis, may be affected by
several factors, including the date on which the loan servicer’s
report is generated and transmitted to Radian Guaranty, the impact
of updated information submitted by servicers and the timing of
servicing transfers.
January
2021
December
2020
November
2020
Beginning Primary Default Inventory (#
of loans)
55,537
57,176
59,604
New Defaults
4,664
4,659
4,807
Cures
(5,674)
(6,244)
(7,183)
Claims Paid (1)
(41)
(44)
(54)
Rescissions and Claim Denials, net (2)
2
(10)
2
Ending Primary Default
Inventory
54,488
55,537
57,176
(1) Includes those charged to a deductible under pool insurance
arrangements, as well as commutations. (2) Net of any previous
rescissions and claim denials that were reinstated during the
period. Such reinstated rescissions and claim denials may
ultimately result in a paid claim.
About Radian Radian Group Inc. (NYSE: RDN) is ensuring
the American dream of homeownership responsibly and sustainably
through products and services that include industry-leading
mortgage insurance and a comprehensive suite of mortgage, risk,
title, valuation, asset management and other real estate services.
We are powered by technology, informed by data and driven to
deliver new and better ways to transact and manage risk. Visit
www.radian.com to learn more about how Radian is shaping the future
of mortgage and real estate services.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210205005038/en/
For Investors John Damian – Phone: 215.231.1383 Email:
john.damian@radian.com
For the Media Rashi Iyer – Phone: 215.231.1167 Email:
rashi.iyer@radian.com
Radian (NYSE:RDN)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Radian (NYSE:RDN)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024