Radian delinquencies continue downward trend
According to The Wall Street Journal, mortgage-insurer Radian Group’s (RDN) delinquencies on loans carrying Radian Guaranty mortgage insurance fell again in August, following a recent trend of declines.
The mortgage insurer's total inventory of delinquencies declined to 65,427 last month from 77,142 in July. The drop includes the subtraction of 9,756 of delinquent loans included in a master agreement with Freddie Mac for which Radian no longer has claim exposure.
There were 4,457 new delinquencies in August, compared with 5,800 new delinquencies in July. The number of loans cured in August rose 2.3% to 4,909 from 4,798 in July, but the number of paid loans decreased to 1,635 from 2,004.