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Loan Modification

: Mortgage Lender Implode-o-Meter

Rising Defaults, Derivative Trades Lead Radian Losses

By Implode-Explode Heavy Industries

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",...unrealized losses on derivatives represented $284.4m of the total pre-tax loss of $334.4m, according to the statement. The mortgage insurance provision for losses of $322m reflects the continued increase in the primary first lien default rate, which rose to 13.2% at quarter-end."

Full post as published by Mortgage Lender Implode-o-Meter on May 05, 2009 (boomark / email).

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