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Radian Group Inc. Message Board

  • reefer_madness123 reefer_madness123 Dec 31, 2012 12:54 PM Flag

    Defaults for the industry

    when underwriting standards wre lax Radian as did other private mortgage insurers suffered and continue to suffer from this problem. I have averaged defaults for the past three years for the entire industry, in 2010, there were 91,413 defaults, in 2011 it was 66,864 and by 2012, the defaults have dropped precipitously to 25,796. Ditto for cures, cures came to 63,489 in 2010, 43,286 in 2011 and now are 22,449. It ain't just weed, the Reefer knows things others do not.

    Sentiment: Strong Buy

 
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