Radian Guaranty Inc. did $2 billion in primary new insurance written in February, which is the fifth consecutive month the company has written at least that much volume.
In the past, Radian's management has discussed the steps the company took to increase its market share, including hiring more sales representatives.
As a result, the company has passed Mortgage Guaranty Insurance Corp., the former No. 1 producer of private mortgage insurance.
However, United Guaranty Corp. has been equally aggressive in going after new business and according to data provided by that company, in the second part of last year it passed both MGIC and Radian to become No. 1.
February's NIW volume is similar to January's $2.0 billion and more than double the $700 million written in February 2011.
Meanwhile, the company saw cures outpace new notices of delinquency during February by more than 500 loans. The delinquent loan inventory started the month at 109,803 and there were 6,073 loans added to it during the month.
But, 6,581 loans cured, while Radian paid claims on another 1,198 loans and made rescissions or denials on 867 loans. This brought the delinquent inventory to 107,230 at month's end.
