NMI Holdings, Inc. (NASDAQ:NMIH) Files An 8-K Regulation FD DisclosureItem 7.01Regulation FD Disclosure
The Company announced today that it has agreed to a new quota share reinsurance agreement with a panel of third-party reinsurance providers. A copy of the news release is furnished as Exhibit 99.1 to this report.
Item 9.01.Financial Statements and Exhibits
(d) Exhibits.
99.1*NMI Holdings, Inc. News Release dated November 16, 2017
The information included in, or furnished with, this report has been "furnished" and shall not be deemed "filed" for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing or other document under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing or document.
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*Furnished herewith.
NMI Holdings, Inc. ExhibitEX-99.1 2 exhiit991.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1FOR IMMEDIATE RELEASENMI Holdings,…To view the full exhibit click here
About NMI Holdings, Inc. (NASDAQ:NMIH)
NMI Holdings, Inc. (NMIH) provides private mortgage guaranty insurance (MI) through its insurance subsidiaries. The Company’s insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is an MI provider on loans purchased by Fannie Mae and Freddie Mac (collectively the Government-sponsored enterprises(GSEs)). The Company’s reinsurance subsidiary, National Mortgage Reinsurance Inc One, provides reinsurance to NMIC on certain loans insured by NMIC. MI protects mortgage lenders from default-related losses on residential mortgage loans made to home buyers making down payments of less than 20% of the home’s purchase price. The Company originates primary mortgage insurance coverage through its delegated and non-delegated underwriting programs. Its residential mortgage insurance products primarily provide first loss protection on loans originated by residential mortgage lenders and sold to the GSEs and on low down payment loans held by portfolio lenders.
