Despite rising quarterly business, a growing book of business and falling delinquency, a one-time charge pushed earnings at Radian Group Inc. into the red.

During the three months that concluded on June 30, 2017, pre-tax income was a $35 million loss, according to Radian’s second-quarter earnings report.

Earnings at the Philadelphia-based mortgage insurance company swung from a $115 million profit in the prior three-month period and a $157 million profit a year prior.

Source: Mortgage Daily