loanDepot officially files for IPO

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House

Good news: Radian reports drop in delinquent mortgages

Bad news: Fewer mortgages to insure in the first place

Rental homes

The mortgage insurance business is continuing to improve for Radian Guaranty (RDN), in that fewer loans are delinquent.

The bad news is there are fewer new mortgages to insure as the purchase mortgage origination business continues to lag. And it will likely keep getting worse as long as this keeps up.

The nation's largest private mortgage insurer reports only 3,913 delinquencies, compared to 4,650 delinquencies from late last year.

But business as a whole is shrinking.

The company reports only $1.9 billion in new insurance, compared to $2.85 billion from past reports.

The delinquent inventory is currently at 58,782 loans, where it was previously 60,909.

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