NMI Holdings, Inc. Releases Monthly Operating Statistics

Director of Events

Jul 06, 2021

At June 30, 2021, NMI Holdings, Inc. reported 8,764 loans in default and a default rate of 1.86%.

NMI Holdings, Inc. reported selected operating statistics for the month of June 2021. At June 30, 2021, the company reported 8,764 loans in default and a default rate of 1.86%, according to a press release.

Due to the growing normalization of the economic environment, the company has decided to discontinue the monthly reporting of selected operating statistics initiated at the onset of the COVID pandemic. The company will continue to report selected metrics with its quarterly earnings releases.

While its total default population declined from May 31, 2021 to June 30, 2021, the company believes that its 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 the author

Navi Persaud

Director of Events

Navi Persaud is Director of Events at NMP.

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Jul 06, 2021

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