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12/06/2013
Radian Releases Delinquency Data for November and Announces Participation in Goldman Sachs Conference
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.
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November 2013 |
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| Primary New Insurance Written ($ in billions) | $3.00 | |
| Beginning Primary Delinquent Inventory (# of loans) | 63,874 | |
| Plus: New Delinquencies | 4,501 | |
| Less: Cures | (3,793) | |
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Less: Paids (including those charged to a deductible or captive) |
(1,747) |
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| Less: Rescissions and Denials (1) | (279) | |
| Ending Primary Delinquent Inventory (# of loans) | 62,556 | |
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(1) |
Rescissions and Denials are net of actual reinstatements for the period. For additional details on reinstatement trends as of September 30, 2013, refer to Slide 21 of Radian’s Third Quarter 2013 Presentation Slides available in the Investors section of Radian’s website at www.radian.com. |
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CONFERENCE
Radian also announced that
The slide presentation will also be available on Radian’s website one hour prior to the event and can be accessed by visiting http://www.radian.biz/page?name=Presentations.
A replay of the presentation will be available for approximately 180 days.
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 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