Monthly new business was off at Radian Guaranty Inc., but loan performance continued to be the best in years.
Last month, the Philadelphia-based mortgage insurance company wrote $3.75 billion in primary new insurance.
Activity slipped from September, when new business was $3.79 billion.
But volume was stronger than in October 2013, when $3.50 billion in new insurance was written.
During the period this year from Jan. 1 through Oct. 31, Radian’s new insurance written amounted to $31.14 billion.
Radian reported an ending primary delinquent inventory of 46,242 loans as of Oct. 31 — the fewest since at least 2009.
Past-due policies retreated from 46,843 as of a month earlier and 63,874 as of a year earlier.
Based on an estimated 866,923 policies outstanding, Radian’s delinquency rate was 5.33 percent as of the end of October.
Delinquency was 11 basis points lower than as of the end of September and 232 BPS better than as of the same date in 2013.
