NMIH
NMI Holdings
--
--(--)
Market Open: --
--
--(--)
Post-Market: --
NMIH Profile
Nmi Holdings, Inc.
The parent company of National Mortgage Insurance Corporation
2100 Powell Street, 12th Floor, Emeryville, CA 94608
--
NMI Holdings, Inc., established on May 19, 2011, provides private mortgage guarantee insurance through its subsidiaries. MI protects mortgage lenders from all or part of the loss of delinquent residential mortgage loans, allowing these home buyers to typically reduce the down payment on a family's purchase price by 20%. By protecting lenders and investors from credit losses, the Company helps facilitate first-time mortgage lending, but this is primarily aimed at first-time homebuyers and American homebuyers, thereby promoting housing and helping to revitalize the Company's residential communities. MI is also promoting the sale of these mortgages in the secondary mortgage market, most of which are sold to Fannie Mae Mae and Freddie Mac Mac. The company's business strategy is to become a leading national MI company, the company's main focus is to guarantee high-quality insurance, low down payment home mortgage loans in the United States. After the establishment of the company, it focuses on organizational development, financing and other related activities. In November 2011, the Company entered into a definitive agreement to acquire MAC Financial Holdings and its authorized insurance subsidiaries in Wisconsin: Mortgage Guarantee Corporation, Mortgage Insurance Reinsurance Corporation 1 and Mortgage Insurance Reinsurance Corporation 2, each of which was renamed as National Mortgage Insurance Corporation (" NMIC "), National Mortgage Reinsurance Corporation 1 and National Mortgage Reinsurance Corporation 2. The company refers to the acquisition as the "MAC acquisition. ".