Radian Group Inc. expanded its book of business as it brought down the level of delinquency. The company moved out of the red.

Pretax income at the Philadelphia-based mortgage insurance company was $103 million, according to its third-quarter earnings report.

Although income diminished from $127 million in the same-three months last year, earnings swung from a $35 million second-quarter 2017 loss.

Source: Mortgage Daily