Radian Guaranty Inc. will be cutting the rates on its mortgage insurance premiums. Impacted loans include those with multiple borrowers and high debt-to-income ratios.

Its Philadelphia-based parent, Radian Group Inc., announced Monday that it is updating the rates on its M.I. premiums.

The updates by the mortgage insurance company are reportedly being made in an effort to provide increased risk-based granularity and align better with industry trends

Source: Mortgage Daily