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Radian’s Delinquency Inventory Improves in May
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Radian’s Delinquency Inventory Improves in May
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
You're Now Reading:
Radian’s Delinquency Inventory Improves in May
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June 14, 2011 (Shirley Allen)

Mortgage insurance provider Radian Guaranty Inc., reports improved performance in its delinquent loan inventory as the overall number of delinquent loans that it insures continued to drop in May, despite an uptick in delinquencies from the previous month.

Radian reports that the total number of loans in its delinquent inventory for May, 2011, was 114,193 compared to 115,020 in April. Radian’s quarterly financial report showed that at the end of the first quarter 2011, the delinquency inventory stood at 116,896, which compared to a delinquency inventory of 143,914 at the end of the same quarter, the previous year.

Likewise, not only has the number of delinquent loans in its inventory declined, the percentage of delinquent loans has also declined. At the end of the first quarter of 2010, 17.64 percent of loans in its inventory were delinquent, but at the end of the first quarter of 2011 that percentage had dropped to 15.52.

Despite the decline in total inventory, the number of new delinquencies increased month-over-month as 7,844 new delinquencies were reported in May 2011, compared to 7,222 in April.

Report highlights:

  April 2011 May 2011  
Primary New Insurance Written ($ in billions) $0.7 $0.7
     
Beginning Primary Delinquent Inventory
(# of loans)
116,896 115,020
Plus: New Delinquencies 7,222 7,844
Less: Cures (5,978) (5,217)
Less: Paids
(including those charged to a deductible or captive)
(2,528) (2,613)
Less: Rescissions and Denials (592) (841)
Ending Primary Delinquent Inventory
(# of loans)
115,020 114,193

The information regarding new delinquencies and cures is reported to Radian from loan servicers. The accuracy of these reports may be affected by several factors, including the date on which the report is generated and by the timing of servicing transfers.

Tags: Radian, loan delinquencies, delinquent inventory, mortgage insurance, new delinquencies, cures, paids

Sources:
Radian
Radian

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June 14, 2011 (Shirley Allen)

Mortgage insurance provider Radian Guaranty Inc., reports improved performance in its delinquent loan inventory as the overall number of delinquent loans that it insures continued to drop in May, despite an uptick in delinquencies from the previous month.

Radian reports that the total number of loans in its delinquent inventory for May, 2011, was 114,193 compared to 115,020 in April. Radian’s quarterly financial report showed that at the end of the first quarter 2011, the delinquency inventory stood at 116,896, which compared to a delinquency inventory of 143,914 at the end of the same quarter, the previous year.

Likewise, not only has the number of delinquent loans in its inventory declined, the percentage of delinquent loans has also declined. At the end of the first quarter of 2010, 17.64 percent of loans in its inventory were delinquent, but at the end of the first quarter of 2011 that percentage had dropped to 15.52.

Despite the decline in total inventory, the number of new delinquencies increased month-over-month as 7,844 new delinquencies were reported in May 2011, compared to 7,222 in April.

Report highlights:

  April 2011 May 2011  
Primary New Insurance Written ($ in billions) $0.7 $0.7
     
Beginning Primary Delinquent Inventory
(# of loans)
116,896 115,020
Plus: New Delinquencies 7,222 7,844
Less: Cures (5,978) (5,217)
Less: Paids
(including those charged to a deductible or captive)
(2,528) (2,613)
Less: Rescissions and Denials (592) (841)
Ending Primary Delinquent Inventory
(# of loans)
115,020 114,193

The information regarding new delinquencies and cures is reported to Radian from loan servicers. The accuracy of these reports may be affected by several factors, including the date on which the report is generated and by the timing of servicing transfers.

Tags: Radian, loan delinquencies, delinquent inventory, mortgage insurance, new delinquencies, cures, paids

Sources:
Radian
Radian

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

June 14, 2011 (Shirley Allen)

Mortgage insurance provider Radian Guaranty Inc., reports improved performance in its delinquent loan inventory as the overall number of delinquent loans that it insures continued to drop in May, despite an uptick in delinquencies from the previous month.

Radian reports that the total number of loans in its delinquent inventory for May, 2011, was 114,193 compared to 115,020 in April. Radian’s quarterly financial report showed that at the end of the first quarter 2011, the delinquency inventory stood at 116,896, which compared to a delinquency inventory of 143,914 at the end of the same quarter, the previous year.

Likewise, not only has the number of delinquent loans in its inventory declined, the percentage of delinquent loans has also declined. At the end of the first quarter of 2010, 17.64 percent of loans in its inventory were delinquent, but at the end of the first quarter of 2011 that percentage had dropped to 15.52.

Despite the decline in total inventory, the number of new delinquencies increased month-over-month as 7,844 new delinquencies were reported in May 2011, compared to 7,222 in April.

Report highlights:

  April 2011 May 2011  
Primary New Insurance Written ($ in billions) $0.7 $0.7
     
Beginning Primary Delinquent Inventory
(# of loans)
116,896 115,020
Plus: New Delinquencies 7,222 7,844
Less: Cures (5,978) (5,217)
Less: Paids
(including those charged to a deductible or captive)
(2,528) (2,613)
Less: Rescissions and Denials (592) (841)
Ending Primary Delinquent Inventory
(# of loans)
115,020 114,193

The information regarding new delinquencies and cures is reported to Radian from loan servicers. The accuracy of these reports may be affected by several factors, including the date on which the report is generated and by the timing of servicing transfers.

Tags: Radian, loan delinquencies, delinquent inventory, mortgage insurance, new delinquencies, cures, paids

Sources:
Radian
Radian

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.