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Nmi Holdings Inc   (NMIH)
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Price: $32.7100 $0.45 1.395%
Day's High: $32.82 Week Perf: 0.71 %
Day's Low: $ 32.16 30 Day Perf: -4.44 %
Volume (M): 359 52 Wk High: $ 34.33
Volume (M$): $ 11,743 52 Wk Avg: $29.25
Open: $32.33 52 Wk Low: $24.53



 Market Capitalization (Millions $) 2,685
 Shares Outstanding (Millions) 82
 Employees 243
 Revenues (TTM) (Millions $) 598
 Net Income (TTM) (Millions $) 337
 Cash Flow (TTM) (Millions $) 57
 Capital Exp. (TTM) (Millions $) 10

Nmi Holdings Inc

NMI Holdings, Inc. (NMIH), a Delaware corporation incorporated in May 2011 provides private mortgage guaranty insurance (which we refer to as "mortgage insurance" or "MI") through its wholly owned insurance subsidiaries. Our primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a qualified MI provider on loans purchased by the GSEs and is licensed in all 50 states and D.C. to issue MI.

MI protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers who generally make down payments of less than 20% of the homes purchase price. By protecting lenders and investors from credit losses, we help facilitate the availability of mortgages to prospective, primarily first-time, U.S. home buyers, thus promoting homeownership while protecting lenders and investors against potential losses related to a borrowers default. MI also facilitates the sale of these mortgage loans in the secondary mortgage market, most of which are sold to the GSEs. We are one of seven companies in the U.S. who offer MI. Our business strategy is to continue to gain market share with our principal focus on writing insurance on high quality, low down payment residential mortgages in the U.S.

The modern MI industry was established in the late 1950s to provide a private market alternative to federal government insurance programs, principally the FHA. The industry mitigates mortgage credit risk within the residential mortgage lending system, supports increased levels of homeownership, offers liquidity and process efficiencies for lenders and provides consumers with lower-cost products and increased choice of mortgage and homeownership options. Residential MI protects mortgage lenders and investors when borrowers default, by reducing and, in some instances, eliminating the resulting credit loss to the insured institution. By mitigating losses resulting from borrower defaults, mortgage insurance supports the origination of "low down payment" mortgages, which are mortgages to borrowers who make down payments of less than 20% of the value of the homes. Mortgage insurance also may reduce the capital that financial institutions are required to hold against insured loans and facilitates the sale of low down payment mortgage loans in the secondary mortgage market, primarily to the GSEs.

Mortgage origination, guaranty and securitization includes a range of private and government sponsored participants. Private industry participants include mortgage banks, mortgage brokers, commercial, regional and investment banks, savings institutions, credit unions, REITs, mortgage insurers and other financial institutions. Public participants include government agencies such as the FHA, VA and Ginnie Mae, and the GSEs, Fannie Mae and Freddie Mac. The overall U.S. residential mortgage market encompasses both primary and secondary markets. The primary market consists of lenders that originate home loans to borrowers and includes loans made in connection with home purchases, which are referred to as purchase originations, and loans made to refinance existing mortgages, which are referred to as refinancing originations. The secondary market includes institutions that buy and sell mortgages in the form of whole loans or securitized assets, such as mortgage-backed securities.

To obtain mortgage insurance on a loan in our non-delegated channel, a lender submits an insurance application to us, along with documentation we require to support loan qualification for mortgage insurance. Our underwriters review the insurance application and all materials submitted to us and provide a decision to the lender prior to the loan closing.
In addition to our non-delegated underwriter employees located at our corporate headquarters and remotely across the country, we have entered into agreements with third-party underwriting service providers (USPs) under which they underwrite the mortgage insurance decision on certain loans for us, consistent with our underwriting guidelines and subject to the terms of the outsourcing agreements. Our USPs share in the daily underwriting of mortgage insurance applications submitted to us, depending on the volume and with targeted assignments of particular loans to particular USPs, to ensure timely response-times to lenders. These USPs use AXIS, our insurance management system, and are trained to follow the same process outlined above that our own employees follow when they render an insurance decision. Any underwriting decisions requiring escalation or a second review will be referred to management.


We have vendor management processes in place to manage the risk associated with outsourcing a component of our underwriting functions. In collaboration with the USPs management team, we monitor the USPs day-to-day underwriting of mortgage insurance decisions. We also review the qualifications of the USPs underwriters and provide system and guideline training to ensure the USPs underwriting philosophy is consistent with ours. We perform regular quality control reviews of each USPs performance, and our agreements with the USPs require them to give us access to the results of their internal quality control reviews. Underwriters with unacceptable performance will be carefully monitored with specific action plans, and our agreements provide for their timely replacement with 30 days notice.



   Company Address: 2100 Powell Street Emeryville 94608 CA
   Company Phone Number: 530-6642   Stock Exchange / Ticker: NASDAQ NMIH
   


Customers Net Income grew by NMIH's Customers Net Profit Margin grew to

68.86 %

16.58 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
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MTG        0.1% 
RDN   -0.55%    
AGMA   -0.55%    
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NMI Holdings Announces Successful $425 Million Notes Offering and Secures New $250 Million Credit Facility

Published Tue, May 7 2024 9:38 PM UTC



NMI Holdings, Inc. (Nasdaq: NMIH), a leading provider of private mortgage insurance, recently revealed the pricing of its public offering of $425 million senior unsecured notes. Additionally, the company entered into a new $250 million unsecured revolving credit facility. These strategic moves are aimed at enhancing NMI Holdings' financial position and supporting i...

Nmi Holdings Inc

2. Continued Growth and Success in Q1 2024 for NMI Holdings Inc's Property & Casualty Insurance Division

NMI Holdings Inc Reports Double Digit Revenue and Profit Improvement in Q1 2024
NMI Holdings Inc, the parent company of National Mortgage Insurance Corporation (National MI), has recently announced its financial results for the first quarter of 2024. The company reported significant improvements in both revenue and profits compared to the previous year.
- Revenue for the first quarter of 2024 stood at $156.25 million, representing a year-on-year increase of 14.238% and a quarterly increase of 3.219%. This double-digit growth highlights the company's strong performance and growing demand for its services.

Nmi Holdings Inc

NMI Holdings Inc Surges Ahead with Impressive 13.728% Revenue Growth in Q4 2023

NMI Holdings Inc (Nasdaq: NMIH) has delivered remarkable financial results for the October to December 2023 period, reporting double-digit revenue and earnings growth. The company's revenue reached $151.38 million, marking a year-on-year increase of 13.728% and a quarterly increase of 2.174%. Meanwhile, income surged by 18% to $1.03, with sequential income improving by 3.01%.
What sets NMI Holdings Inc apart from its contemporaries in the Property & Casualty Insurance sector is its higher rate of revenue growth. While most companies in the industry experienced a revenue growth of 11.39% from the same quarter in the previous year, NMI Holdings Inc saw a more significant increase. This indicates that the company is outperforming its competitors and experiencing rising demand.

Product Service News

NMI Holdings, Inc. Receives Upgrade in Ratings and Outperforms Competitors in Revenue Growth and Profitability

Published Wed, Jan 31 2024 7:38 PM UTC

NMI Holdings, Inc. Receives Ratings Upgrade and Outperforms Competitors in Revenue Growth and ProfitabilityEmeryville, Calif. - NMI Holdings, Inc. (Nasdaq: NMIH), a leading mortgage insurance company, has recently received positive news from Moodys Investors Service, as the insurance financial strength rating of its principal operating subsidiary, National Mortgage Insurance...

Product Service News

NMI Holdings, Inc.: Strong Financial Ratings and Outperformance Spells Success in Mortgage Insurance Industry

Published Fri, Jan 19 2024 1:00 PM UTC

NMI Holdings, Inc. Receives Strong Financial Strength and Debt Ratings from Fitch, While Outperforming CompetitorsEmeryville, Calif. - January 19, 2024 - NMI Holdings, Inc. (Nasdaq: NMIH) is pleased to announce that Fitch Ratings has assigned its principal operating subsidiary, National Mortgage Insurance Corporation (National MI), an impressive A- insurer financial strength...






 

Nmi Holdings Inc's Segments
 
 
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Nmi Holdings Inc does not provide revenue guidance.

Earnings Outlook
Nmi Holdings Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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