It has been years since new business and loan performance have both been this good at Radian Guaranty Inc.
The Philadelphia-based firm wrote $4.76 billion in new volume during June, according to monthly operational statistics released Tuesday.
It was the single best month for Radian since at least 2008, according to historical data previously reported by the mortgage insurance company.
Volume was $4.56 billion in May and $3.080 billion during June 2012.
From Jan. 1 through June 30, Radian has insured $24.35 billion — putting the firm on pace to do the most full-year business it has done since 2007, when annual volume was $57.13 billion.
Radian’s primary delinquent inventory ended June at 78,257 loans, falling from 79,344 a month earlier and plunging from 98,450 a year earlier.
The inventory of delinquent policies was the lowest it’s been since at least 2009.
Using an estimated 794,730 in total outstanding policies as of June 30, last month’s delinquency rate was an estimated 9.85 percent.
The rate fell from an estimated level of 10.03 percent as of the end of May.
Radian previously reported a 13.33 percent delinquency rate as of the same point last year.
