As Genworth Mortgage Insurance Corp.’s book of business expanded, its delinquency declined, and its new business had a quarter-over-quarter gain.

In its second-quarter earnings report, parent Genworth Financial Inc. said it earned $401 million from continuing operations before income taxes.

Income ascended from the preceding three-month period, when it was $332 million. It was also improved from $351 million the same period a year ago.

Source: Mortgage Daily