MGIC Investment Corp. (MTG)

[tommiegun54]

RADIAN AND NMI HOLDINGS SHOW SUBSTANTIAL REDUCTION IN IN DELINQUENCY INVENTORY IN MAY

https://www.radian.com/news-and-knowledge/news?id=21571

NMI Holdings, Inc. Releases Monthly Operating Statistics for May 2021
Jun 03, 2021
PDF Version
EMERYVILLE, Calif., June 03, 2021 (GLOBE NEWSWIRE) -- NMI Holdings, Inc. (Nasdaq: NMIH) today reported selected operating statistics for the month of May 2021. At May 31, 2021, the company reported 9,387 loans in default and a default rate of 2.04%.


Default Activity as of:
3/31/20 6/30/20 9/30/20 12/31/20 3/31/21 4/30/21 5/31/21
Number of loans in default (1) 1,449 10,816 13,765 12,209 11,090 10,060 9,387
Default rate (2) 0.38% 2.90% 3.60% 3.06% 2.54% 2.24% 2.04%


New Insurance Written During:
Quarter
Ended
3/31/20 Quarter
Ended
6/30/20 Quarter
Ended
9/30/20 Quarter
Ended
12/31/20 Quarter
Ended
3/31/21 Month
Ended
4/30/21 Month
Ended
5/31/21
Weighted average composition
FICO 757 762 764 761 755 754 754
Loan-to-value (LTV) 91.3 % 90.7 % 90.7 % 90.9 % 91.0 % 91.3 % 91.4 %
Debt-to-income (DTI) 34.4 % 33.3 % 32.8 % 33.2 % 33.6 % 34.4 % 34.5 %

In-focus risk segments
95.01-97.0% LTV 6.4 % 4.2 % 3.2 % 9.5 % 9.3 % 9.1 % 9.0 %
<680 FICO 1.9 % 1.0 % 0.7 % 1.0 % 1.9 % 3.2 % 3.8 %
>45% DTI 10.3 % 7.0 % 4.9 % 6.1 % 6.7 % 9.8 % 11.6 %
Layered risk (3) 0.2 % 0.1 % 0.1 % 0.1 % 0.1 % 0.3 % 0.7 %
(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