Good news: Radian reports drop in delinquent mortgages

Delinquent mortgage loans; Radian Group Inc. (RDN), today announced that Jill Cadwell, senior vice president of operations at ValuAmerica, and Dave McCormick, senior vice president of inside sales for Radian Guaranty, have.. The good news with this trend is that home values aren’t getting.

"Radian is a very cheap stock at $3.50, one of the few," investment manager Laszlo Birinyi told Bloomberg News this morning. Radian says it expects to keep insuring Fannie and Freddie mortgages following the government takeover, says CreditSights, adding that Radian credit ratings could still drop further.

Good news: Radian reports drop in delinquent mortgages In the past two years, the FHA has seen a 30% drop in seriously delinquent rates; a 68% improvement in recovery rates; a 63% reduction in foreclosure starts; and an 85% drop in early payment defaults..

Mortgage Delinquency Rates. Also revealed in the report is a considerable drop in mortgage delinquency rates in the area, determined by the amount of loans which are a minimum of 90 days delinquent. The rate of delinquent mortgages in Broward, Palm Beach and miami-dade counties dropped 3.21, 2.79 and 3.42 percent, respectively.

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The news whacked. best interest of the mortgage market and the shareholders." Tuesday’s report shows that the problems appear to be spreading. Freddie said that 0.51 percent of its single-family.

As usual First Look primarily focuses on distressed loan data and in August that was mostly good news. While the national delinquency rate was up slightly, 2.47 percent, to 4.83 percent, it had its.

The Mortgage Insurance Companies of America said this week that the number of U.S. homeowners who caught up with their delinquent mortgages in February was actually higher than the number who.

Economic News Delinquent mortgages up in November, down for the year. LPS reports that there are 2,116,000 properties in foreclosure pre-sale inventory. Overall, there is a total of 6,260,000.

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Financial shares are down in mid-day trading while Radian Group (NYSE:RDN) shares surge after the firm reported a drop in delinquent loan inventory. radian group shares are higher after the credit.

DELINQUENT MORTGAGES DROP IN PA.. according to the report. "These results are good news for the economy and for homeowners," Warren Lasko, MBA’s executive vice president, said at a press.