NMI Holdings, Inc. Releases Monthly Operating Statistics for June 2020

EMERYVILLE, Calif., July 06, 2020 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported selected operating statistics for the month of June 2020.  At June 30, 2020, the company reported 10,816 loans in default and a default ratio of 2.90%.  Going forward, the company will release monthly operating statistics on the investor relations section of its website at https://ir.nationalmi.com/investor-relations.

		Default activity as of:
		3/31/2020		4/30/2020		5/31/2020		6/30/2020
Number of loans in default (1)		1,449		1,610		2,265		10,816
Default rate (2)		0.38%		0.43%		0.61%		2.90%

		New Insurance Written During
		Quarter Ended 3/31/2020		Month Ended 4/30/2020		Month Ended 5/31/2020		Month  Ended 6/30/2020
Weighted average composition
FICO		757		762		762		762
Loan-to-value (LTV)		91.3%		90.8%		90.4%		90.8%
Debt-to-income (DTI)		34.4%		33.4%		33.2%		33.3%
In-focus risk segments
95.01-97.0% LTV		6.4%		6.1%		3.6%		2.6%
<680 FICO		1.9%		1.2%		0.8%		0.8%
>45% DTI		10.3%		8.2%		6.7%		6.1%
Layered risk (3)		0.2%		0.1%		0.1%		0.1%

(1) Loans are considered to be in default as of the payment date at which a borrower has missed the preceding two or more consecutive monthly payments