Radian Releases Delinquency Data for June and Announces Second Quarter
-Reports second largest month of new primary flow business volume in company
PHILADELPHIA -- July 9, 2013
Radian Guaranty Inc., the mortgage insurance subsidiary of Radian Group Inc.,
today released data for primary mortgage insurance delinquencies for June
2013. These details may also be found on Radian’s website at
http://www.radian.biz/page?name=NewsReleases. Previously released historical
data is also available on the website at
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.
Primary New Insurance Written ($ in billions) $4.76
Beginning Primary Delinquent Inventory (# of loans) 79,344
New Delinquencies 5,088
(including those charged to a deductible or captive)
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
First Quarter 2013 Presentation Slides available in the Investors section of
Radian’s website at www.radian.biz.
SECOND QUARTER CONFERENCE CALL
Radian will hold a conference call on Wednesday, July 24, 2013, at 10:00 a.m.
Eastern time to discuss the company’s second quarter 2013 results, which will
be announced prior to the market open on the same day. The conference call
will be broadcast live over the Internet at
http://www.radian.biz/page?name=Webcasts or at www.radian.biz. The call may
also be accessed by dialing 800-230-1074 inside the U.S., or 612-234-9959 for
international callers, using passcode 297533 or by referencing Radian.
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
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia, provides private
mortgage insurance and related risk mitigation products and services to
mortgage lenders nationwide through its principal operating subsidiary, Radian
Guaranty Inc. These services help promote and preserve homeownership
opportunities for homebuyers, while protecting lenders from default-related
losses on residential first mortgages and facilitating the sale of
low-downpayment mortgages in the secondary market. Additional information may
be found at www.radian.biz.
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 December 31, 2012 and
subsequent reports and registration statements filed from time to time with
the Securities and Exchange Commission.
Radian Group Inc.
Emily Riley, 215-231-1035
Press spacebar to pause and continue. Press esc to stop.