Radian Guaranty Inc., Philadelphia, reported a decline of roughly 600 loans in its delinquent loan inventory for August. But new notices of problem loans (late payers) outpaced cures by about 1,600 loans.
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The month started with a delinquent loan inventory of 110,607 units, with 7,979 new loans added to the mix.
Radian's inventory was cut by 6,356 cured loans; 1,649 paid claims (including those charged to a deductible or a captive reinsurance arrangement), and 591 rescissions or denied claims.
This brought Radian's inventory down to 109,990 as of Aug. 31.
Radian also reported $1.3 billion of new insurance written during the month, compared with $1 billion in July, and $1.1 billion in August 2010.
