NMI Holdings, Inc. Releases Monthly Operating Statistics for January 2021

EMERYVILLE, Calif., Feb. 03, 2021 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported selected operating statistics for the month of January 2021. At January 31, 2021, the company reported 11,905 loans in default and a default rate of 2.90%.

				Default Activity as of:
				3/31/2020		6/30/2020	9/30/2020	12/31/2020	1/31/2021
Number of loans in default (1)				1,449		10,816	13,765	12,209	11,905
Default rate (2)				0.38%		2.90%	3.60%	3.06%	2.90%

				New Insurance Written During:
			Quarter Ended 3/31/2020			Quarter Ended 6/30/2020		Quarter Ended 9/30/2020		Quarter Ended 12/31/2020		Month Ended 1/31/2021
Weighted average composition
FICO			757			762		764		761		756
Loan-to-value (LTV)			91.3		%	90.7	%	90.7	%	90.9	%	90.9	%
Debt-to-income (DTI)			34.4		%	33.3	%	32.8	%	33.2	%	33.6	%
In-focus risk segments
95.01-97.0% LTV			6.4		%	4.2	%	3.2	%	9.5	%	9.2	%
<680 FICO			1.9		%	1.0	%	0.7	%	1.0	%	1.4	%
>45% DTI			10.3		%	7.0	%	4.9	%	6.1	%	6.5	%
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