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07/09/2013
Radian Releases Delinquency Data for June and Announces Second Quarter Conference Call
-Reports second largest month of new primary flow business volume in company history-
The information below regarding new delinquencies and cures is reported to Radian from loan servicers. Default reporting, particularly on a monthly basis, may be affected by several factors, including the date on which the report is generated and transmitted to Radian, updated information submitted by servicers and by the timing of servicing transfers.
|
June 2013 |
|||
| Primary New Insurance Written ($ in billions) | $4.76 | ||
| Beginning Primary Delinquent Inventory (# of loans) | 79,344 | ||
| New Delinquencies | 5,088 | ||
| Cures | (4,361) | ||
|
Paids
(including those charged to a deductible or captive) |
(1,903) |
||
| Rescissions and Denials * | 89 | ||
| Ending Primary Delinquent Inventory (# of loans) | 78,257 | ||
* Rescissions and Denials are net of actual reinstatements for the
period. For additional details on reinstatement trends, refer to Slide
22 of Radian’s
SECOND QUARTER CONFERENCE CALL
Radian will hold a conference call on
A replay of the webcast will be available on the Radian website approximately two hours after the live broadcast ends for a period of one year. A replay of the conference call will be available approximately two and a half hours after the call ends for a period of two weeks, using the following dial-in numbers and passcode: 800-475-6701 inside the U.S., or 320-365-3844 for international callers, passcode 297533.
In addition to the information provided in the company's earnings news release, other statistical and financial information, which is expected to be referred to during the conference call, will be available on Radian's website under Investors >Quarterly Results, or by clicking on http://www.radian.biz/page?name=QuarterlyResults.
About Radian
Forward-Looking Statements
Some of the statements in this press release may constitute
“forward-looking statements” within the meaning of Section 27A of the
Securities Act of 1933, Section 21E of the Securities and Exchange Act
of 1934 and the United States Private Securities Litigation Reform Act
of 1995. Words such as "will," "expects," "believes" and similar
expressions are used to identify these forward-looking statements. These
forward-looking statements, which may include without limitation,
projections regarding our future performance and financial condition,
are made on the basis of management’s current views and assumptions with
respect to future events. Any forward-looking statement is not a
guarantee of future performance and actual results could differ
materially from those contained in the forward-looking statement. These
statements speak only as of the date they were made, and we undertake no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. We
operate in a changing environment. New risks emerge from time to time
and it is not possible for us to predict all risks that may affect us.
For more information regarding these risks and uncertainties as well as
certain additional risks that we face, you should refer to the Risk
Factors detailed in Item 1A of Part I of our Annual Report on Form 10-K
for the year ended
Source:
Radian Group Inc.
Emily Riley, 215-231-1035
emily.riley@radian.com