(Reuters) - Radian Group Inc, the biggest U.S. private mortgage insurer, reported a quarterly profit after four straight losses as fewer homeowners defaulted on their loans in a recovering housing market.
Mortgage insurers have been writing more profitable insurance policies as fewer people default on home loans, largely helped by a recovery in the U.S. housing market.
Mortgage insurers cover losses when homeowners default on payments and foreclosures fail to recoup costs.
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