Although quarterly new business was slower at Radian Guaranty Inc., loan performance continued to show improvement.
From Oct. 1 through Dec. 31 of last year, primary new mortgage insurance written by Radian
came to $9.099 billion.
The Philadelphia-based company revealed the business metrics and other financial data
in its fourth-quarter earnings report.
Business declined from the third quarter, when there was $11.176 billion in new business written.
Activity also eased from the final quarter of 2014, when Radian wrote $10.009 billion.
For all of last year, though, $41.411 billion in primary new insurance was written.
Volume expanded from 2014, when
Radian wrote just $37.44 billion in primary new insurance.
Primary insurance in force finished last year at 881,110 insured loans for $175.584 billion.
Radian’s book grew from 879,841 loans for $174.866 billion three months earlier and from 873,077 loans for $171.810 billion a year earlier.
Delinquency, based on the number of insured loans, fell to 4.01 percent as of Dec. 31, 2015, from 4.08 percent as of Sept. 30.
A bigger improvement has been been made since the end of 2014, when Radian’s delinquency rate was only 5.19 percent.
Corporate earnings from continuing operations before taxes dipped to $105 million from $116 million but exceeded the $71 million earned in the fourth-quarter 2014.
