Although earnings and new business improved from a year ago at Radian Group Inc., both were down on a quarter-over-quarter basis. The book of business expanded.

In its first-quarter earnings report, the Philadelphia-based firm disclosed consolidated pre-tax income of $142 million during the three months ended March 31.

Earnings at Radian strengthened from the year-earlier period, when income was $115 million. But results weakened from $165 million in the final-three months of last year.

Source: Mortgage Daily