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

EMERYVILLE, Calif., Dec. 04, 2020 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported selected operating statistics for the month of November 2020. At November 30, 2020, the company reported 12,532 loans in default and a default rate of 3.23%.

				Default Activity as of:
				3/31/2020			6/30/2020		9/30/2020		10/31/2020		11/30/2020
Number of loans in default (1)				1,449			10,816		13,765		13,108		12,532
Default rate (2)				0.38		%	2.90	%	3.60	%	3.41	%	3.23	%

			New Insurance Written During:
			Quarter Ended 3/31/2020			Quarter Ended 6/30/2020		Quarter Ended 9/30/2020		Month Ended 10/31/2020		Month Ended 11/30/2020
Weighted average
FICO			757			762		764		764		762
Loan-to-value (LTV)			91.3		%	90.7	%	90.7	%	90.6	%	90.9	%
Debt-to-income (DTI)			34.4		%	33.3	%	32.8	%	32.7	%	33.2	%
In-focus risk segments
95.01-97.0% LTV			6.4		%	4.2	%	3.2	%	7.7	%	10.4	%
<680 FICO			1.9		%	1.0	%	0.7	%	0.9	%	1.0	%
>45% DTI			10.3		%	7.0	%	4.9	%	5.5	%	5.9	%
Layered risk (3)			0.2		%	0.1	%	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