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Radian writes more insurance as delinquent loans decline

Mortgage insurer Radian Guaranty (RDN) ended the month of April with 81,577 loans in its delinquent inventory, down from 85,109 at the beginning of the month.

The company also wrote $4.12 billion in new insurance, up from $3.63 billion in March.

During the month-long period, the Philadephia-based firm posted 4,230 new delinquencies, while curing 4,763 troubled loans.

A little over 2,300 loans were paid off and 696 delinquent loans faced a rescission or denial.  

Comparatively, in March, Radian cured 6,338 loans, paid of 2,028 others and recorded 407 rescissions and denials.

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