New business at Radian Guaranty Inc. strengthened during the final month of 2014, though not enough to push up annual activity. Delinquency declined more than 200 basis points last year.
The Philadelphia-based company reported Wednesday that
it wrote $3.43 billion in primary new insurance during last month.
New business jumped compared to November, when primary new insurance written came in at $2.87 billion — the lowest level in seven months.
Activity also improved from December 2013, a month when new insurance written was $2.85 billion.
For all of 2014, Radian wrote $37.44 billion in primary new insurance. Annual volume retreated from $47.49 billion in 2013.
The mortgage insurance company said that its primary delinquent inventory finished last year at 45,319 loans, off from 45,908 mortgages at the end of November.
As of Dec. 31, 2013, the delinquent inventory was
60,909.
Radian’s latest primary delinquent inventory was at the lowest level since at least
2009 — the oldest operational data maintained by Mortgage Daily on the company.
Using an estimated 877,618 in total outstanding policies, Radian’s delinquency rate was 5.16 percent as of Dec. 31, 2014.
The rate improved from an estimated 5.26 percent a month earlier and 7.26 percent a year earlier.
