Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc., RDN
today released data for primary mortgage insurance delinquencies for December
2012 and for the years ended December 2012 and 2011, respectively. 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.
December
2012 2012
2011
Primary New Insurance Written ($ in billions) $3.85 $37.1 $15.5
Beginning Primary Delinquent Inventory
92,770 110,861 125,470
(# of loans)
Plus: New Delinquencies 6,740 73,517 94,817
Less: Cures (4,638) (61,906) (77,997)
Less: Paids
(1,638) (18,993) (24,479)
(including those charged to a deductible or
captive)
Rescissions and Denials (65) (10,370) (6,950)
Ending Primary Delinquent Inventory
93,169 93,169 110,861
(# of loans)
Primary New Insurance Written totals for 2012 and 2011, respectively, reflect
any adjustments to prior monthly reported NIW numbers.
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