Radian posts profit on fewer home loan defaults

Tue May 6, 2014 4:37pm EDT

May 6 (Reuters) - Radian Group Inc, the biggest U.S. private mortgage insurer, reported a quarterly profit compared with a loss a year earlier as fewer homeowners defaulted on their loans.

The company's net income was $202.8 million, or 94 cents per share, for the first quarter ended March 31, compared with a loss of $187.5 million, or $1.30 per share, a year earlier.

(Reporting by Neha Dimri in Bangalore; Editing by Joyjeet Das)

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