NMI Holdings, Inc., through its subsidiaries, provides private mortgage guaranty insurance (mortgage insurance or MI). The company’s primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a qualified MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the ‘GSEs’) and is licensed in all 50 states and D.C. to issue mortgage insurance. The company’s reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), solely provides reinsurance to NMIC on certain loans insured by NMIC. MI 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 approximately 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. (United States) home buyers. MI also facilitates the sale of these mortgage loans in the secondary mortgage market, majority of which are sold to the GSEs. Mortgage Insurance NMIC's residential mortgage insurance products primarily provide first loss protection on loans originated by residential mortgage lenders and sold to the GSEs, and to a lesser extent, on low down payment loans held by portfolio lenders. NMIC offers the two principal types of MI, such as primary and pool. Sales and Marketing The company’s sales force is deployed throughout the U.S. to directly service its national and regional accounts. Strategy The company’s business strategy is to become a leading national MI company with its principal focus on writing insurance on high quality, residential mortgages in the U.S. Regulation NMIC and Re One are directly regulated by the company’s domiciliary and primary regulator, the Wisconsin Office of the Commissioner of Insurance and by state insurance departments in each state in which these companies 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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