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. (NASDAQ: NMIH) is the parent company of National Mortgage Insurance Corporation (National MI), a U.S.-based private mortgage insurer focused on low down payment residential mortgages. The NMIH news feed on Stock Titan aggregates company announcements, earnings releases and other disclosures that explain how the business is performing and how its insured mortgage portfolio is evolving.
Investors following NMIH news will see regular quarterly and annual financial results, where the company reports net premiums earned, net investment income, insurance claims and claim expenses, underwriting and operating expenses, net income and book value per share. These releases also highlight insurance metrics such as primary insurance-in-force, new insurance written, loss ratio and expense ratio, along with commentary from management about operating performance and portfolio quality.
The news stream also includes earnings call and webcast announcements, with details on the timing of conference calls and webcasts for upcoming quarters. In addition, NMI Holdings issues updates on corporate actions, such as share repurchase authorizations approved by its Board of Directors, and provides information about non-GAAP financial measures used to evaluate its performance.
Beyond financial reporting, readers may find news about National MI’s workplace recognition and company culture, including Great Place To Work certifications and rankings on Fortune’s Best Workplaces in the Bay Area list. These items offer insight into how the company describes its organizational culture and employee experience.
For anyone tracking the mortgage insurance sector, the NMIH news page offers a centralized view of the company’s public communications, helping users monitor its financial trends, risk profile and corporate developments over time.
NMI Holdings, Inc. has appointed Priya Huskins as an independent member of its Board of Directors. Huskins, currently Senior Vice President at Woodruff-Sawyer & Co., brings extensive leadership experience and a strong background in the insurance industry. Executive Chairman Bradley Shuster expressed confidence in her ability to enhance the board's diversity and strength. Huskins also serves as a director at Realty Income Corporation and has a law background from Wilson Sonsini Goodrich & Rosati. NMI Holdings provides private mortgage insurance, helping low down payment borrowers achieve home ownership.
NMI Holdings, Inc. (Nasdaq: NMIH) reported that as of January 31, 2021, it has 11,905 loans in default, resulting in a default rate of 2.90%. This marks a significant increase from the previous months, with default rates rising from 0.38% in March 2020 to 2.90% in January 2021. The company notes that the total default population decreased from December 31, 2020, but may rise again due to ongoing economic impacts from COVID-19 and the potential for borrowers to access forbearance programs.
On January 13, 2021, NMI Holdings, (NASDAQ: NMIH) announced that it will report its fourth quarter results for the period ending December 31, 2020, after market close on February 16, 2021. The announcement includes a scheduled conference call and live webcast at 2:00 PM PT (5:00 PM ET) to discuss the earnings results. Investors can access the conference via phone or through the company’s website. A replay of the webcast will also be made available post-call.
NMI Holdings, Inc. (NMIH) announced a new quota share reinsurance agreement, effective January 1, 2021, with highly rated reinsurers. The agreement allows National MI to cede 22.5% of its primary new insurance written for 2021 and receive a ceding commission of 20% along with a profit commission of up to 57.5% of ceded premiums. As of December 31, 2020, the company reported 12,209 loans in default, with a default rate of 3.06%. CFO Adam Pollitzer expressed confidence in the reinsurance agreement and the performance of their credit risk management approach.
On December 4, 2020, NMI Holdings (Nasdaq: NMIH) reported operating statistics for November 2020, indicating 12,532 loans in default, with a default rate of 3.23%. This reflected a decrease of over 200 loans from the previous month, where the rate was 3.41%. The company highlighted potential challenges from the COVID-19 outbreak, suggesting defaults could rise if borrowers access forbearance programs. The press release also noted the impact of loan servicer reports on default data, emphasizing the fluctuating nature of these statistics.
National MI has announced its integration with Loan Originator Networks (LON), allowing lenders to access RateGPS, a risk-based pricing tool, directly within the LONPricer platform. This collaboration aims to enhance the efficiency of the mortgage origination process for lenders by providing real-time pricing data. The integration is designed to support various mortgage channels and strengthen engagement with brokers and wholesale lenders. National MI emphasizes its commitment to leveraging technology for better service delivery.
NMI Holdings, Inc. (NMIH) reported a GAAP net income of $38.2 million, or $0.45 per diluted share, for Q3 2020, an increase from $26.8 million in Q2 2020 but a decline from $49.8 million in Q3 2019. Adjusted net income was $40.4 million, up 36% quarter-over-quarter. The company's primary insurance-in-force grew by 16% year-over-year to $104.5 billion, and new insurance written increased 31% to $18.5 billion. However, insurance claims rose significantly to $15.7 million due to the pandemic, highlighting challenges in credit trends.
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NMI Holdings, Inc. (Nasdaq: NMIH) has priced $242 million of 10-year mortgage insurance-linked notes through Oaktown Re V Ltd., a Bermuda special-purpose insurer. The transaction, set to close on October 29, 2020, involves four classes of notes with varying interest rates. National Mortgage Insurance Corporation, a subsidiary, will receive $242 million in fully collateralized excess of loss reinsurance protection related to a portfolio of mortgage insurance policies. This deal aims to enhance financial stability and risk management for the company.
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.