Radian Group Inc., the mortgage insurer, posted a worse-than-expected first-quarter loss Tuesday as more homeowners fell behind on payments.

The net loss was $217.4 million, or $2.69 a share, compared with $195.6 million, or $2.44, the year earlier, the Philadelphia company said. The average of estimates by three analysts Bloomberg surveyed was for a $1.80 per share loss.

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