Radian Guaranty says delinquencies fell in April

Radian Guaranty says delinquent loans fell about 4 percent in April, continuing trend

Associated Press

PHILADELPHIA (AP) -- Mortgage insurer Radian Guaranty Inc., the mortgage insurance unit of Radian Group Inc., said Tuesday that delinquencies continued to decline in April, and said it wrote more than $4 billion in new insurance.

The company said around 7,100 delinquent loans were cured or paid in April, and about 4,200 loans became delinquent. It had approximately 81,600 delinquent loans at the end of the quarter, down 4 percent from the end of March.

The company said it wrote $4.12 billion in new insurance in April.

Last week, the company said its total number of primary delinquent loans declined by 17 percent in the first quarter.

Shares of Radian rose 54 cents, or 4.3 percent, to close Tuesday at $13.03. Earlier in the day, the shares reached an annual high of $13.17.

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