Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
W S
Servicing

Good news: Radian reports drop in delinquent mortgages

Bad news: Fewer mortgages to insure in the first place

Rental homes
/ Print / Reprints /
| Share More
/ Text Size+

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.

Recent Articles by Jacob Gaffney

Comments powered by Disqus