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

EMERYVILLE, Calif., March 02, 2021 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported selected operating statistics for the month of February 2021. At February 28, 2021, the company reported 11,648 loans in default and a default rate of 2.77%.

			Default Activity as of:
			3/31/2020				6/30/2020		9/30/2020		12/31/2020		1/31/2021		2/28/2021
Number of loans in default (1)			1,449				10,816		13,765		12,209		11,905		11,648
Default rate (2)			0.38%				2.90%		3.60%		3.06%		2.90%		2.77%

			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		Month Ended 2/28/2021
Weighted average composition
FICO			757			762			764		761		756		755
Loan-to-value (LTV)			91.3%			90.7%			90.7%		90.9%		90.9%		90.9%
Debt-to-income (DTI)			34.4%			33.3%			32.8%		33.2%		33.6%		33.7%
In-focus risk segments
95.01-97.0% LTV			6.4%			4.2%			3.2%		9.5%		9.2%		9.1%
<680 FICO			1.9%			1.0%			0.7%		1.0%		1.4%		1.8%
>45% DTI			10.3%			7.0%			4.9%		6.1%		6.5%		6.5%
Layered risk (3)			0.2%			0.1%			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