Radian sees a slight dip in delinquent loans
Mortgage insurer Radian (RDN) noted Tuesday that delinquencies on loans it insures fell slightly to 65,239 last month, down from 65,427 in August. The company elaborated on the drop in a press release:
Included in the decline are 5,073 new delinquencies, which was balanced by 3,999 cures and 1,355 paids. Additionally, $3.83 billion was written in primary new mortgage insurance in September.