NMI Holdings, Inc., through its subsidiaries, provides private mortgage guaranty insurance. The company protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers who generally make down payments of less than 20% of the home’s purchase price. By protecting lenders and investors from credit losses, the company helps facilitate the availability of mortgages to prospective, primarily first-time, U.S. home buyers, thus promoting homeownership and helping to revitalize residential communities. The company also facilitates the sale of these mortgage loans in the secondary mortgage market, most of which are sold to Fannie Mae and Freddie Mac. Strategy The company’s business strategy is to become a national mortgage insurance company with principal focus on writing insurance on, low down payment residential mortgages in the United States. Mortgage Insurance The company’s residential mortgage insurance products would primarily provide first loss protection on loans originated by residential mortgage lenders and sold to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, as well as on low down payment loans held by portfolio lenders. Sales and Marketing The company’s sales force is located throughout the United States to directly sell its mortgage insurance products to lenders. State Insurance Regulation The company’s insurance subsidiaries are subject to detailed regulation both by its domiciliary and primary regulator, the Wisconsin Office of the Commissioner of Insurance and by state insurance departments in each state in which they are licensed. History NMI Holdings, Inc. was founded in 2011. The company, a Delaware corporation, was incorporated in 2011.
nmi holdings inc-class a
(NMIH:Consolidated Issue listed on NASDAQ Global Market)
2100 Powell Street
Emeryville, CA 94608
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To contact NMI HOLDINGS INC-CLASS A, please visit www.nationalmi.com. Company data is provided by Capital IQ. Please use this form to report any data issues.