New monthly business jumped to the highest level in nearly three years at Radian Guaranty Inc., while delinquency fell to the lowest level in more than three years.
The Philadelphia-based mortgage insurer reported Tuesday that it wrote $4.12 billion in primary new insurance during April.
Based on the oldest historical operational data from Radian back to July 2010, it was the best month on record.
A month earlier, Radian wrote $3.63 billion, while the total was $2.55 billion a year earlier.
From Jan. 1 through April 30, new policies written totaled $15.03 billion.
Based on previous portfolio activity, Mortgage Daily estimates that Radian had around 786,819 policies outstanding as of April 30 for around $145 billion.
The number of delinquent policies as of the end of last month was 81,577, fewer than the 85,109 past-due policies as of March 31. The year-earlier total was 101,566.
Using the estimate of outstandings, the delinquency rate in April was around 10.37 percent, falling 50 basis points from the prior month’s rate.
The estimated delinquency rate in April 2012 was 13.88 percent.
Delinquency hasn’t been this low since at least March 2010 — the oldest data on file for Radian.
