Improvements to requirements at Radian Guaranty Inc. include lower mortgage insurance premiums and the insuring of three- and four-unit residential loans.

Radian’s mortgage insurance premiums are being lowered for most FICO buckets. On non-refundable borrower-paid premiums, the new rates apply to all states except Alaska and Hawaii.

On refundable borrower-paid rates, the Philadelphia-based organization is expanding FICO categories from four to seven — though the new rates won’t be available in Alaska, Hawaii or New York.

Source: Mortgage Daily