Despite retreating new business at Radian Group Inc., earnings improved, the book of business expanded and loan performance was better.

Pretax income at the Philadelphia-based company during the period that started on Jan. 1 of this year and concluded on March 31 came to $115 million.

Income improved from the first quarter of last year, when $102 million was earned. It was also better than $98 million in the final quarter of last year.

Source: Mortgage Daily