Looking at RDN numbers:
Percentage of loans in default is going up. Reserves for losses is going down. Company uses most of earnings on share buybacks.
December 31 December 31
2005 2004
Default Statistics
Primary insurance:
Total Primary Insurance
Prime
Number of insured loans 567,574 610,480
Number of loans in default 20,685 19,434
Percentage of loans in default 3.64% 3.18%
Alt A
Number of insured loans 118,336 128,010
Number of loans in default 7,510 8,339
Percentage of loans in default 6.35% 6.51%
A Minus and below
Number of insured loans 101,414 104,672
Number of loans in default 16,015 12,678
Percentage of loans in default 15.79% 12.11%
Total Primary Insurance
Number of insured loans 787,324 843,162
Number of loans in default 44,210(1) 40,451
Percentage of loans in default 5.62% 4.80%
Pool insurance:
Number of insured loans 651,051 583,568
Number of loans in default 10,194(2) 6,749
Percentage of loans in default 1.57% 1.16%
Anything interesting on the CC? |
