Nmi Holdings Stock Price, News & Analysis

NMI Holdings, Inc. (NASDAQ: NMIH), parent company of National Mortgage Insurance Corporation, will host its annual Investor Day virtually on November 19, 2020, from 11:00 AM to 1:00 PM ET. The event will be live streamed and archived on NMI's website, providing insights into the company's strategies and performance. Investors can register for the event and access additional details through the provided link. This initiative underscores NMIH's commitment to transparency and investor engagement.

NMI Holdings, Inc. (NASDAQ: NMIH) has announced it will release its third-quarter financial results on November 5, 2020, after market close. The company, which operates National Mortgage Insurance Corporation, will host a conference call at 2:00 p.m. PT to discuss the results, accessible via phone and webcast. A replay of the call and supplemental information will be available on the company's website. NMIH provides private mortgage insurance, aiding low-down-payment borrowers while offering protection to lenders and investors.

NMI Holdings, Inc. (Nasdaq: NMIH) reported significant operational metrics for September 2020. As of September 30, the company had 13,765 loans in default, translating to a default rate of 3.60%. This represents a decrease in the number of loans in default compared to previous months: 14,236 as of August 31 and 14,175 on July 31. The company noted the potential for increased defaults as COVID-19 challenges persist and borrowers may enter forbearance programs. NMIH is focused on providing private mortgage insurance and supporting low down payment borrowers.

National Mortgage Insurance Corporation, a subsidiary of NMI Holdings (NASDAQ: NMIH), announced full integration with Lender Price, a leading cloud-based pricing engine for the mortgage industry. This integration allows loan officers immediate access to National MI's risk-based Rate GPS® through the Lender Price platform. The collaboration aims to streamline private mortgage insurance ordering, reduce errors, and shorten the application to closing timeframe.

NMI Holdings' subsidiary, National Mortgage Insurance Corporation, earned a spot on the San Francisco Business Times’ Middle Market 50 List, ranking 15th among the fastest-growing mid-sized companies in the Bay Area. Its revenue surged by 107.3%, from $182.74 million in 2017 to $378.77 million in 2019, surpassing the median growth of 77.7% for listed firms. In 2019, the company reported net income of $171.96 million, marking a year-over-year growth of 59.3%, with insurance-in-force increasing by 38% to $94.8 billion.

NMI Holdings, Inc. (NASDAQ: NMIH) will report its second-quarter results after the market close on August 5, 2020. The company provides private mortgage insurance, facilitating home ownership for low-down-payment borrowers while protecting lenders against defaults.

A conference call and live webcast will occur at 2:00 p.m. PT / 5:00 p.m. ET on the same day. Access is available via dial-in or online at NMI's investor relations webpage.

NMI Holdings reported significant default activity for June 2020, with 10,816 loans in default resulting in a default ratio of 2.90%. This is a notable increase from the previous months, reflecting the ongoing challenges faced by borrowers, particularly influenced by the COVID-19 pandemic and related economic factors. The company emphasized that it will continue to update its operating statistics on the investor relations section of its website monthly.

NMI Holdings, Inc. (Nasdaq: NMIH) announced the pricing of its private offering of senior secured notes due 2025, raising the total to $400 million. The notes, issued at 100% of their principal, carry a 7.375% annual interest rate and will mature on June 1, 2025. Proceeds will be used to retire an existing $147 million term loan and support business operations. The offering is targeted at qualified institutional buyers and will close on June 19, 2020.

NMI Holdings, Inc. (NASDAQ: NMIH) announced a public offering of 13,800,000 shares of Class A common stock at $14.50 per share, raising approximately $191 million in net proceeds. The offering size was increased from 10,000,000 shares, and underwriters may purchase an additional 2,070,000 shares within 30 days. The funds will support corporate purposes and the growth of subsidiary operations. The offering is expected to close on June 8, 2020. J.P. Morgan and Goldman Sachs are leading the transaction.