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

About this update from Nmi Holdings Inc

[{"type":"text","content":"EMERYVILLE, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported selected operating statistics for the month of March 2021. At March 31, 2021, the company reported 11,090 loans in default and a default rate of 2.54%. Default Activity as of: 3/31/2020 6/30/2020 9/30/2020 12/31/2020 1/31/2021 2/28/2021 3/31/2021Number of loans in default (1)1,449 10,816 13,765 12,209 11,905 11,648 11,090Default rate (2)0.38% 2.90% 3.60% 3.06% 2.90% 2.77% 2.54% 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 Month Ended 3/31/2021Weighted average FICO 757 762 764 761 756 755 754Loan-to-value (LTV) 91.3% 90.7% 90.7% 90.9% 90.9% 90.9% 91.1%Debt-to-income (DTI) 34.4% 33.3% 32.8% 33.2% 33.6% 33.7% 33.7% In-focus risk segments 95.01-97.0% LTV 6.4% 4.2% 3.2% 9.5% 9.2% 9.1% 9.4%45% DTI 10.3% 7.0% 4.9% 6.1% 6.5% 6.5% 7.2%Layered risk (3) 0.2% 0.1% 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(2)Default rate is calculated as total loans in default divided by total policies in force(3)Layered risk includes loans with more than one in-focus risk factor The information concerning the Company's default inventory is compiled from reports received from loan servicers and can be influenced by, among other things, the date on which a servicer generates its report, the number of business days in a month, and transfers of servicing rights between loan servicers. While our total default population declined from February 28, 2021 to March 31, 2021, our default population may increase going forward if additional borrowers face challenges related to the COVID-19 outbreak and choose to access the forbearance program for federally backed loans codified under the CARES Act or other programs made available by private lenders. About NMI HoldingsNMI Holdings, Inc. (NASDAQ: NMIH), is the parent company of National Mortgage Insurance Corporation (National MI), a U.S.-based, private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default. To learn more, please visit www.national...

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