Radian Guaranty Inc.'s delinquent loan inventory declined by a scant 256 loans between October and November as new notices of defaults outpaced cures by nearly 1,800 loans.
However, the company did $2.2 billion in primary new insurance written in November, up from $2.1 billion in October. In comparison, Mortgage Guaranty Insurance Corp., the only other MI that releases this kind of data on a monthly basis, did $1.4 billion in NIW in both October and November.
The small decline in Radian's delinquent loan inventory is actually a slight improvement over the performance in October, when the inventory fell by 136 loans.
There were 8.014 new notices of delinquency for November, an increase from October's 7,665. The number of cures was 6,245, compared with 6,133 one month prior. The inventory was further reduced by 1,482 loans where a claim was paid and 542 rescissions and denials.
