Welcome to our dedicated page for Nmi Holdings news (Ticker: NMIH), a resource for investors and traders seeking the latest updates and insights on Nmi Holdings stock.
NMI Holdings, Inc. (NMIH) provides essential private mortgage insurance solutions that enable lenders to manage risk while expanding homeownership opportunities. This dedicated news hub offers investors and industry professionals timely updates on the company’s strategic initiatives, financial performance, and market developments.
Access official press releases, earnings announcements, and regulatory filings in one centralized location. Our curated collection includes updates on mortgage insurance innovations, risk management strategies, and industry partnerships, providing critical insights for informed decision-making.
Key coverage areas include quarterly financial results, leadership updates, product enhancements, and market expansion efforts. Bookmark this page to monitor NMIH’s evolving role in strengthening the mortgage ecosystem through its insurance solutions and technological advancements.
On July 6, 2021, NMI Holdings reported operational statistics for June 2021, revealing 8,764 loans in default with a default rate of 1.86%. The company has decided to cease its monthly reporting of selected statistics that began during the COVID pandemic, opting to include them in quarterly earnings releases moving forward. The default rate has decreased from earlier periods, indicating a potential normalization in the economic environment.
NMI Holdings, Inc. (NMIH) reported its operating statistics for May 2021, revealing a total of 9,387 loans in default and a default rate of 2.04%. This marks a decline from previous months, reflecting a slight recovery in loan performance. Key metrics include a weighted average FICO of 754, loan-to-value (LTV) ratio of 91.4%, and debt-to-income (DTI) of 34.5%. Despite the downward trend in defaults, the company cautions that challenges from the COVID-19 pandemic may lead to an increase in defaults as borrowers potentially turn to forbearance options.
NMI Holdings reported a net income of $52.9 million, or $0.61 per diluted share for Q1 2021, up from $48.3 million in Q4 2020 but down from $58.3 million in Q1 2020. Adjusted net income was $53.4 million, a 5% increase from Q4 2020. New insurance written was $26.4 billion, a 33% quarter-over-quarter increase. The company's primary insurance-in-force grew 11% to $123.8 billion. NMIH maintained a strong cash position with $1.9 billion in cash and investments, reflecting positive credit performance and a favorable outlook for the economy.
NMI Holdings, Inc. (Nasdaq: NMIH) announced the closing of a $367 million mortgage insurance-linked notes offering by Oaktown Re VI Ltd., a Bermuda-based reinsurance company. The notes have a 12.5-year legal maturity and include five classes with varying interest rates starting from one-month LIBOR plus 1.65% to 5.50%. NMIH’s subsidiary, National Mortgage Insurance Corporation, will receive fully collateralized excess of loss reinsurance protection for existing mortgage insurance policies, covering losses beginning at a 1.85% cumulative claim rate threshold.
NMI Holdings, Inc. (NASDAQ: NMIH) will announce its Q1 results on May 4, 2021, after market close. The scheduled conference call and webcast will start at 2:00 PM PT / 5:00 PM ET, accessible through their website. As the parent company of National Mortgage Insurance Corporation, NMIH focuses on aiding low-down-payment borrowers while protecting lenders from defaults. Investors can expect an earnings release and corresponding supplemental information post-call.
NMI Holdings reported March 2021 statistics showing a decline in loans in default, totaling 11,090, with a default rate of 2.54%. This is a decrease from 11,648 loans in February 2021, highlighting an improvement in loan performance. The weighted average FICO score for loans decreased slightly to 754, with a loan-to-value ratio of 91.1% and a debt-to-income ratio of 33.7%. The report indicates potential risks as borrowers may still face challenges due to COVID-19, possibly leading to an increase in defaults in the future.
On March 2, 2021, NMI Holdings, Inc. (NMIH) reported operational statistics for February 2021. The company recorded 11,648 loans in default, resulting in a default rate of 2.77%. This shows a decrease in default loans compared to prior months. The report highlighted key metrics including FICO scores averaging 755 and a loan-to-value ratio of 90.9%. The announcement also cautioned that loans in default may increase due to potential borrower challenges amid the ongoing COVID-19 pandemic and related forbearance programs.
National MI, a subsidiary of NMI Holdings (NASDAQ: NMIH), has integrated with Mortech, a Zillow Group company. This collaboration allows lenders to access National MI’s Rate GPS risk-based pricing tool within Mortech’s platform, enhancing productivity and reducing loan officer cycle times. The integration aims to streamline the mortgage insurance origination process by providing quick and accurate pricing. Both companies expect this partnership to improve lenders' competitiveness in the mortgage market.
