Radian Guaranty's efforts to build market share seem to be paying off in a big way. The company had nearly $2.1 billion of primary mortgage insurance written during October, up from $1.2 billion written for the same month one year prior.
In comparison, Mortgage Guaranty Insurance Corp. said it did $1.4 billion in October.
In the company's third quarter results press release, Radian said it expected to have NIW of over $5 billion for the current quarter. It did $4.1 billion ($1.8 billion of that in September) for the third quarter and $2.3 billion for the second quarter.
Its delinquent loan portfolio declined by only 136 loans, to 110,614. There were new notices of delinquency on 7,665 insured loans, countered by 6,133 cured loans, plus 1,384 loans where a claim was paid and 274 loans where it rescinded or denied coverage.
