NMI Holdings Inc. (NMIH)
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NMI Holdings' Mortgage Insurance Drives Growth and Profitability
NMIH is leveraging its mortgage insurance business to drive recurring premium revenues, underwriting profitability and long-term growth.
NMIH Lags Industry, Trades at a Discount: Here's How to Play the Stock
NMI Holdings benefits from rising mortgage insurance activity and record insurance in force, supporting premium and earnings growth.
NMI Holdings: Attractive Even With Peaking Earnings (Upgrade)
NMI Holdings is upgraded to "buy" after recent share underperformance, with valuation now attractive at under 8x earnings and 1.1x book value. Earnings are expected to moderate as legacy low-loss policies shrink and new business faces higher normalized loss ratios, but credit deterioration should remain manageable. NMIH benefits from a strong balance sheet, conservative underwriting, and rising investment income, supporting continued buybacks and capital flexibility.
NMI Holdings Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 520 | $20,430.18 | $21,556.6 | $1,126.42 | 5.51% |
| JC JoAnn Conry HUDSON EDGE INVESTMENT PARTNERS Inc. | 12,787 | $401,606.41 | $530,085.08 | $128,478.67 | 31.99% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 6 | $244.74 | $250.19 | $5.45 | 2.23% |
 Donald Smith & Co Donald Smith & Co Inc. | 397,599 | $14.88M | $16.48M | $1.6M | 10.77% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 734 | $28,360.21 | $30,453.81 | $2,093.6 | 7.38% |
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NMI Holdings Inc. Profile
| Insurance Industry | Financials Sector | Adam S. Pollitzer CEO | NASDAQ (NMS) Exchange | 629209305 CUSIP |
| US Country | 230 Employees | - Last Dividend | - Last Split | 8 Nov 2013 IPO Date |
Overview
NMI Holdings, Inc., established in 2011 and based in Emeryville, California, is a key player in the U.S. private mortgage insurance industry. The company focuses on providing mortgage guaranty insurance services, addressing the needs of a diverse client base. This client roster includes national and regional mortgage banks, large-scale money center banks, community banks, credit unions, as well as builder-owned mortgage lenders, lenders sourced from the internet, and various non-bank lending institutions. Through its comprehensive services, NMI Holdings, Inc. plays a crucial role in facilitating homeownership for many Americans by offering products that protect lenders from default-related losses on residential mortgage loans.
Products and Services
- Primary Mortgage Insurance
- Pool Insurance
- Outsourced Loan Review Services
Designed to protect lenders from the risk of default and foreclosure, primary mortgage insurance covers a portion of the unpaid loan balance in the event that a borrower fails to fulfill their repayment obligations. This is a critical service for lenders, reducing their risk and encouraging them to provide more mortgages to prospective homeowners, particularly those who are unable to make a large down payment.
Pool insurance supplements primary mortgage insurance by providing additional coverage on portfolios of loans. This type of insurance is beneficial for lenders who seek to mitigate the risk associated with loan pools, especially when those loans exhibit higher risk characteristics. By covering a portion of the losses on aggregated loans, pool insurance helps lenders maintain financial stability and regulatory compliance.
To assist mortgage loan originators in assessing the creditworthiness and compliance of potential borrowers, NMI Holdings offers outsourced loan review services. This service streamlines the loan origination process for its clients, ensuring thorough and efficient review practices that align with industry standards and regulations. It helps in identifying potential issues early in the loan process, thereby reducing the probability of future defaults.
